BUSINESSJun 12 · 11:16 UTCWPLG LOCAL 10 MIAMIBy BERNARD CONDON, Associated Press

Elon Musk could become the world's first trillionaire with SpaceX's IPO

Elon Musk could become the first trillionaire as SpaceX prepares for its IPO, which aims to raise $75 billion, surpassing Saudi Aramco's previous record. The company reported an $8.7 billion loss between 2025 and March 2026, but investors remain optimistic despite its financial challenges.

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