- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Elon Musk becomes the world's first trillionaire with SpaceX's IPO
Posted on 6/12/26 at 8:39 am
Posted on 6/12/26 at 8:39 am
quote:
Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share.
Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet's second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, according to Forbes.
SpaceX formally setting its stock price at $135 boosted Musk's fortune to just over $1 trillion. The shares, which will trade under the ticker symbol "SPCX," are poised to begin trading on Friday after the Nasdaq Composite index opens at 9:30 a.m. If SpaceX rises above $135 per share, Musk's wealth will climb further, though he could fall below the trillionaire threshold if the stock sinks.
While billionaire wealth alone may be hard enough to comprehend, a trillionaire represents a level of wealth that rivals the economic output of the world's biggest nations. Only 19 countries have GDPs that surpass $1 trillion, ranging from the U.S. to the Netherlands, according to World Bank data.
quote:
Trillionaire math
Musk owns 4.8 billion shares of SpaceX, or about 42% of the company, as well as 350 million stock options exercisable at $8.39 per share, according to the company's IPO filing. At $135 a share, Musk's stake is worth $648 billion. His options add another $44.3 billion to his net worth.
Because Forbes valued Musk's pre-IPO stake in SpaceX at $500 billion, the IPO sale boosts the value of his SpaceX shares by an additional $192.3 billion, bringing his total net worth to $1.005 trillion.
That wealth makes Musk richer than the bottom 46% of the world's population, or a combined 3.8 billion people, Oxfam said.
LINK
Some are not happy
Loading Twitter/X Embed...
If tweet fails to load, click here.This post was edited on 6/12/26 at 8:41 am
35
Posted on 6/12/26 at 8:41 am to RLDSC FAN
He’ll make it to OT poster status one day.
Posted on 6/12/26 at 8:42 am to RLDSC FAN
quote:
Elon Musk has become the first person to cross the trillionaire threshold, at least on paper
This is the important part. People think Musk has some giant Scrooge McDuck money vault he swims around in all day filled with billions of dollars, and we should just take all that cash and give it to the poor.
This country is full of fricking morons.
Posted on 6/12/26 at 8:44 am to RLDSC FAN
To the moon
Both figuratively and literally.
Both figuratively and literally.
Posted on 6/12/26 at 8:47 am to Centinel
quote:
This is the important part. People think Musk has some giant Scrooge McDuck money vault he swims around in all day filled with billions of dollars, and we should just take all that cash and give it to the poor.
This country is full of fricking morons.
I'm not sure if Elon owns a real house right now and works constantly. They really just don't understand
Posted on 6/12/26 at 8:48 am to RLDSC FAN
I remember when he was loved by left leaning white people until he bought twitter and allowed free speech
Posted on 6/12/26 at 8:50 am to RLDSC FAN
People I am the most tired of hearing about
1. Elon Musk
2. Taylor Swift
3. The Kardashians
4. Specifically on tigerdroppings, Brittney Spears (Although nobody outside of tigerdroppings cares about her)
1. Elon Musk
2. Taylor Swift
3. The Kardashians
4. Specifically on tigerdroppings, Brittney Spears (Although nobody outside of tigerdroppings cares about her)
Posted on 6/12/26 at 8:52 am to UFFan
I hope Elon fricks your wife, Taylor Swift doesn't frick you, the Kardashians move in next door to you, and Brittney ends up hiding in your closet.
Posted on 6/12/26 at 8:52 am to RLDSC FAN
quote:
SpaceX IPO makes Elon Musk the first trillionaire. Here’s how to properly hate him
Can one of the OT moderates help me understand why I should hate Elon Musk for being a trillionaire. Did he go into my bank accounts and steal money from them to gather his wealth? How does his financial situation affect mine?
Posted on 6/12/26 at 8:54 am to RLDSC FAN
The Rothschild’s dogs are richer than Musk. They own the media companies and AP, are able to stay low profile.
Posted on 6/12/26 at 8:55 am to Centinel
quote:
I hope Elon fricks your wife, Taylor Swift doesn't frick you, the Kardashians move in next door to you, and Brittney ends up hiding in your closet.
Of all the scenarios you listed, the last one has a somewhat realistic chance of happening. I could totally see her going off the deep end (again), breaking into some random person’s house, and hiding in their closet. Wouldn’t surprise me in the least.
Posted on 6/12/26 at 8:56 am to AtlantaLSUfan
quote:
The Rothschild’s dogs are richer than Musk. They own the media companies and AP,
Those aren't worth as much as you think they are.
Elon also owns X privately
Posted on 6/12/26 at 9:00 am to RLDSC FAN
Posted on 6/12/26 at 9:01 am to Darth_Vader
quote:
Can one of the OT moderates help me understand why I should hate Elon Musk for being a trillionaire. Did he go into my bank accounts and steal money from them to gather his wealth? How does his financial situation affect mine?
I believe their argument is that a select few are hoarding the resources that could save the world. In their estimation, a trillionaire could give everyone a $1M and solve all the words problems. Because all the scholars out there would definitely use the money wisely and not buy a bunch of BS and be broke within a calendar year.
Posted on 6/12/26 at 9:02 am to Centinel
quote:
This country is full of fricking morons.
Brought to you by the Federal Dept. of Education, est. 1980.
Posted on 6/12/26 at 9:03 am to UFFan
1 is literally revolutionizing the future of humanity...the others are skank whores who serve ZERO purpose
And your dumb arse equate them to each other?
And your dumb arse equate them to each other?
Posted on 6/12/26 at 9:03 am to Centinel
The tax code is fricked. When someone can live off billions in loans backed by that stock and never sell, the tax system allows them to enjoy their wealth without paying taxes like ordinary workers do. I think that should change.
Posted on 6/12/26 at 9:04 am to RLDSC FAN
quote:
Only 19 countries have GDPs that surpass $1 trillion, ranging from the U.S. to the Netherlands
What does that even mean?
Posted on 6/12/26 at 9:04 am to Centinel
quote:
This is the important part. People think Musk has some giant Scrooge McDuck money vault he swims around in all day filled with billions of dollars, and we should just take all that cash and give it to the poor.
This country is full of fricking morons.
They also don't realize that "wealth" is not a finite resource. It is created. That's the biggest point that so many fail to realize, either intentionally or because they're economically illiterate.
Posted on 6/12/26 at 9:06 am to RLDSC FAN
Mind bending to think there's nothing on planet Earth he can't purchase. Bizarre.
Page 1 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News