Musk's Wealth Reaches $1.2 Trillion as SpaceX Surpasses TSMC in Valuation
On June 15, according to the latest global billionaire rankings released by Forbes, Elon Musk, the head of Tesla and SpaceX, has seen his personal wealth soar to an astonishing $1.2 trillion, setting a historical record. He became the world's first 'trillionaire' in the previous trading day. This wealth phenomenon is primarily attributed to the strong performance of his two flagship companies. Recent market data shows that SpaceX (SPCX) has reached a total valuation of $2.28 trillion (approximately $2.28 trillion), surging 8% in a single day, officially surpassing semiconductor giant TSMC (TSM), which has a market value of $2.26 trillion, and entering the top tier of U.S. stock market valuations, ranking sixth. Currently, the top three in the U.S. stock market by total market value are Nvidia ($5.05 trillion), Google, and Apple. SpaceX, with its absolute dominance in the commercial space and Starlink sectors, continues to see its valuation skyrocket, becoming the core pillar of Musk's trillion-dollar fortune.
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Incordex appointed Chen Wang to its board effective Sept. 29, 2026. Wang founded his own brand. He has served as founder and board chairman of Yunnan Jinshengchang Technology and Trade since Oct. 2024. He previously led global pharmaceutical education operations at Meixin E-commerce. He later ran education operations at Zhuyuan Grop. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incordex Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006080), on October 07, 2026, and is solely responsible for the information contained therein.
