June 24, 2026 Will Elon Musk’s ‘trillion-dollar payday’ lead to a wealth tax? Vitaly Gariev / Unsplash The SpaceX IPO backlash could be a midterm issue ... Newer storyElon Musk loses his trillionaire status as SpaceX stock comes back to Earth Older storyRight After Becoming a Trillionaire, Elon Musk "Sold" 17.5 Million Tesla Shares. Here's Why This Isn't a Big Deal.