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* Business

# Elon Musk Becomes World’s First Trillionaire as SpaceX Launches Largest-Ever Initial Public Offering

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<!-- video src="https://cdn.jwplayer.com/manifests/cEGpsW9n.m3u8" -->
## Video: Elon Musk Becomes World’s First Trillionaire as SpaceX Launches Largest-Ever Initial Public Offering

[Watch (HLS stream): Elon Musk Becomes World’s First Trillionaire as SpaceX Launches Largest-Ever Initial Public Offering](https://cdn.jwplayer.com/manifests/cEGpsW9n.m3u8) (2:13)

![Elon Musk Becomes World’s First Trillionaire as SpaceX Launches Largest-Ever Initial Public Offering](https://cdn.jwplayer.com/v2/media/cEGpsW9n/poster.jpg?width=720)

_Published 2026-06-12_


---

Jun 12, 2026 8:20 PM UTC

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---


## Transcript

It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now. It's now. It's now going public for the. With the largest IPO that ever. And let me tell you, if people had told me this was going to happen, I was like, man, you must be smoking some really good crack because I think this company's gonna fail. I mean, I gave, I gave, I gave SpaceX Sex less than a 10% chance of succeeding at all. To be clear, in fact, I told people this. I said, look, we're probably going to fail, but you know, we should give it a try. Because if we don't, if if there's not a new company that enters space, we will never be a truly space faring civilization.

And that's what SpaceX is all about, is to take the friction out of science fiction and create an exciting, inspiring future for everyone. We want to be able to take anyone who wants to go to the moon, anyone who wants to go to Mars, or anyone in the solar system, and maybe beyond the solar system at some point. We want to be able to take you there. Not not just not just a few astronauts. I mean, you literally you, if you watch whoever you are watching this space wants to be able to take you to the moon, take you to Mars and ultimately beyond. And, um, and I, I'm confident at this point that with the incredible team that we have here at SpaceX, that we will do that for you.

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