What's at Stake for Trillionaire Elon Musk and SpaceX After Blockbuster IPO

Summary: SpaceX just became a public company in a massive event, making its owner, Elon Musk, the world's first trillionaire. The rocket company is now worth almost $2.2 trillion, even though it has lost over $41 billion since it started. SpaceX is relying on its giant Starship rocket to take astronauts to the moon, but experts worry the tall ship might tip over when it lands. Also, Musk's wild public stunts—like wielding a chainsaw at a government event or fighting on social media—could now hurt the company's stock price. While some people think he earned his wealth by creating jobs, others, like Senator Bernie Sanders, are angry about one person having so much money.

For more details, see TIME at time.com/article/2026/06/12/spacex-ipo-elon-musk-trillionaire-whats-at-stake/ (opens in new tab)