Elon Musk becomes world’s first trillionaire as SpaceX ends trading day with valuation of $2.1tn – as it happened

<p>One economist says Musk’s world-first level of extreme wealth highlights massive economic disparities and could have profound effects on society</p><p><br></p><p>SpaceX’s shares will be supported by a number of “forced buyers”, such as tracker funds.</p><p><strong>Richard Hunter, </strong>head of markets at <strong>interactive</strong> <strong>investor, </strong>explains:</p><p>The Nasdaq index has tweaked its rules, which has allowed SpaceX to join the index on a fast-track basis. It remains to be seen whether the company will have a disproportionate effect on the index in terms of weighting, but in any event its inclusion guarantees some additional and significant buying pressure.</p> <a href="https://www.theguardian.com/business/live/2026/jun/12/spacex-float-us-stock-market-share-elon-musk-trillionaire-largest-ipo-ever-live-news-updates">Continue reading...</a>

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