{"id":9522,"date":"2026-06-24T20:36:46","date_gmt":"2026-06-24T20:36:46","guid":{"rendered":"https:\/\/stock999.top\/?p=9522"},"modified":"2026-06-24T20:36:46","modified_gmt":"2026-06-24T20:36:46","slug":"elon-musk-was-the-worlds-first-trillionaire-for-12-days","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=9522","title":{"rendered":"Elon Musk was the world’s first trillionaire for 12 days"},"content":{"rendered":"

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Elon Musk, the world\u2019s richest man, briefly held onto the title of being the world\u2019s first and only trillionaire before his net worth was deflated back down to a more modest nine-figure amount. On June 12, the day SpaceX began trading on the Nasdaq, Musk became the first person ever to have a $1 trillion net worth. But by June 24, his fortune had flattened down to $957 billion, according to Bloomberg\u2019s Billionaires Index.<\/p>\n

During that period, the SpaceX and Tesla CEO was worth\u2014depending on who was counting, using what measures, and what time during the day\u2014somewhere between $1.32 trillion and $1.45 trillion at the top.<\/p>\n

Forbes also downgraded Musk\u2019s status, but gave him a few extra million than Bloomberg did: $962 billion, after removing $116 billion of restricted Tesla stock from its math. The two trackers still agree on the durable fact: he is still, by a wide margin, the richest person on the planet. (Larry Page trails far behind as the world\u2019s second richest person, with a net worth hovering around $300 billion).<\/p>\n

The round-trip excursion into trillionaire status was sponsored by SpaceX. The company priced its IPO at $135 a share and on June 12, raised a record $85.7 billion at a valuation near $1.77 trillion. Retail buyers chasing Musk\u2019s dream of data centers in space and an eventual Mars settlement pushed the stock to about $225 on June 16, briefly valuing the company close to $2 trillion. However, by Tuesday\u2019s close, it sat near $156, roughly 30% off the peak, and slipped further Wednesday, briefly dipping below the first-day pop price of $150.<\/p>\n

Musk\u2019s stake, about 40% of the company, still accounts for the bulk of his fortune; Bloomberg pegs it around $744 billion, or about four-fifths of everything he owns. Scholars have raised concerns about the highly-concentrated nature of the SpaceX governance structure, in that shareholders have unusually little amount of control over the company\u2019s future. The MSCI rated SpaceX a CCC, its worst rating, for its governance structure.<\/p>\n

But the other side of Musk\u2019s control is that when the stock goes down, his net worth fluctuates also.\u00a0\u00a0<\/p>\n

Two forces pulled the stock since the exuberant IPO-week. One was macro: investors priced in the possibility of one or more interest rate hikes after the Fed\u2019s hawkish June meeting, which established the same higher-for-longer backdrop now lifting the dollar to a 13-month high and dragging oil and gold lower.<\/p>\n

The other was specific to SpaceX: confirmation of a planned bond sale, reported at roughly $20 billion to $25 billion, which raised the obvious question about why a capital-intensive company issuing debt at a valuation that had just outrun its IPO price. Debt-buyers showed high demand for the bonds, but for the shorter-dated ones, about five years; a less risky purchase than some of the longer term debt that Musk wants to auction off.<\/p>\n

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what\u2019s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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#Elon #Musk #worlds #trillionaire #days<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk, the world\u2019s richest man, briefly held onto the title of being the world\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[402,3105,3128,518,2283,1038,2284,1041,426,8908,461],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/9522"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9522"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/9522\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}