Economy

Elon Musk becomes the world's first trillionaire with SpaceX's IPO

Updated on: June 12, 2026 / 4:17 PM EDT / CBS News

Goldman nets a big payday for SpaceX IPO. Plus, what drove our winners and losers this week

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

3 ways Social Security recipients can access home equity now

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3 mortgage moves to make before the June Fed meeting

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Social Security COLA for 2027 may jump to 4.7%, one estimate finds. This chart shows prices driving the increase

As inflation climbs, Social Security beneficiaries may see a higher cost-of-living adjustment in 2027. Here's which costs spiked most over the past 12 months.

What comes next for SpaceX after the IPO will be in focus for investors. Here's what's ahead

Whether SpaceX can maintain the early enthusiasm in the coming days will be telling.

FedEx's Years-Long Turnaround is Facing a Big Test After Executing on a Major Catalyst

Investors now want to know if the payoff is finally arriving.

The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply

The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control

As investors flock to SpaceX, one trader eyes a sleepy 'stealth' play

If you're looking for something a little more terrestrial, there's one stock that investors are overlooking.

SpaceX hit with sell rating by CFRA shortly after IPO

Reusable Starship rocket could prove to be a "bottleneck" for multiple segments, research firm says.

Bitcoin's Latest Plunge Revives the Debate Over Owning It—and Whether It's Just 'Crypto Being Crypto'

The cryptocurrency's latest selloff is forcing investors to revisit what role, if any, bitcoin should play in a portfolio.

SpaceX 'proxies' plunge as real deal arrives: Here's where traders are buying the dip

SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering, are unwinding gains.