Elon Musk becomes world's first trillionaire

Exam-focused facts from the 14 June 2026 current affairs briefing.

Key facts

Elon Musk became the world's first trillionaire with a total net worth of $1.11tn (£828bn) according to the Bloomberg rich list.
Space Exploration Technologies Corp (SpaceX) listed on the Nasdaq stock exchange with a valuation of $2.2tn, raising $75bn through its initial public offering (IPO).
Musk holds a 42% ownership stake in SpaceX, with his shares in the company valued at $767.1bn at the close of trade.
Musk's wealth includes $168bn in Tesla shares and $116.4bn in Tesla options.
Musk led the Department for Government Efficiency (Doge) for several months last year and was responsible for the closure of the United States Agency for International Development (USAID).