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The global leaderboard of wealth: $1.2 Quadrillion of Assets ranked by Market Cap

News

Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire
Macro

Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire

Musk's new title arrives amid a wider acceleration for the richest of the rich whose level of wealth was once unfathomable

fortune.com · Jun 12, 2026 · 1 min read
Aliens are so mainstream the Catholic Church just fired an exorcist for saying UFOs are demons
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Aliens are so mainstream the Catholic Church just fired an exorcist for saying UFOs are demons

JD Vance agrees with the exorcist. The Pope waxes poetic about the galaxies. A religion scholar sees UFOs as the best thing to happen to faith in years.

fortune.com · Jun 12, 2026 · 1 min read
Trump hosts World Cup on 80th birthday with the Strait of Hormuz still shut and oil above $90 per barrel
Macro

Trump hosts World Cup on 80th birthday with the Strait of Hormuz still shut and oil above $90 per barrel

"His real challenge is that he’s looking for a victory lap and an exit ramp and those two things are not necessarily compatible."

fortune.com · Jun 12, 2026 · 1 min read
SpaceX opens at just above $150, up 13% from target price of $135: Live updates from the IPO debut
Macro

SpaceX opens at just above $150, up 13% from target price of $135: Live updates from the IPO debut

Today could be one of the biggest days in stock market history. After 24 years of anticipation, the SpaceX IPO finally debuted on Friday.

fortune.com · Jun 12, 2026 · 1 min read
Live updates from SpaceX IPO debut: SpaceX valuation now at over $2 trillion as stock climbs to $165 a share
Macro

Live updates from SpaceX IPO debut: SpaceX valuation now at over $2 trillion as stock climbs to $165 a share

After 24 years of anticipation, the SpaceX IPO finally debuted at just over $150 a share and is now hovering at around $165 a share.

fortune.com · Jun 12, 2026 · 1 min read
Roche and Nestlé fear talent crunch as Switzerland puts population cap to the polls
Macro

Roche and Nestlé fear talent crunch as Switzerland puts population cap to the polls

The proposed 10 million person limit could ruin Switzerland’s reputation as a business hub and risks harming one of Europe’s strongest economies, business leaders warn.

fortune.com · Jun 12, 2026 · 1 min read
Current price of oil as of June 12, 2026
Macro

Current price of oil as of June 12, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

fortune.com · Jun 12, 2026 · 1 min read
For SpaceX CFO Bret Johnsen, the challenge starts after the $75 billion IPO
Macro

For SpaceX CFO Bret Johnsen, the challenge starts after the $75 billion IPO

Johnsen now faces the task of proving SpaceX can deliver on its promises as a public company.

fortune.com · Jun 12, 2026 · 1 min read
The S&P 500 already made a big call on SpaceX stock and index fund investors need to know it
Macro

The S&P 500 already made a big call on SpaceX stock and index fund investors need to know it

The S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios.

cnbc.com · Jun 12, 2026 · 1 min read
Ken Griffin has Miami. Stephen Ross has West Palm Beach. Fort Lauderdale had Wayne Huizenga — and it’s been winning ever since
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Ken Griffin has Miami. Stephen Ross has West Palm Beach. Fort Lauderdale had Wayne Huizenga — and it’s been winning ever since

I've spent spent 26 years building Fort Lauderdale's future and we don't need a billionaire champion — we already had one.

fortune.com · Jun 12, 2026 · 1 min read
SpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
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SpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning

Tom Mueller, CEO of Impulse Space, says investors are buying a vertically integrated vision for space-based computing, AI, and the next industrial revolution.

fortune.com · Jun 12, 2026 · 1 min read
When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all
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When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all

Everything you need to know before you reach the office this morning.

fortune.com · Jun 12, 2026 · 1 min read
Notion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’
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Notion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’

“There are other ways to drive awareness or adoption that aren't about making all the features immediately present," says design head Randy Hunt.

fortune.com · Jun 12, 2026 · 1 min read
How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO
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How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO

Also: All the news and watercooler chat from Fortune.

fortune.com · Jun 12, 2026 · 1 min read
Controversy swirls over Spanish soccer club accused of using novel $600,000 Kalshi wager to bet on its relegation
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Controversy swirls over Spanish soccer club accused of using novel $600,000 Kalshi wager to bet on its relegation

Club Atlético Osasuna’s insurance firm turned to prediction markets to hedge against getting booted to a lower division.

fortune.com · Jun 12, 2026 · 1 min read
You can blame America’s plummeting fertility rate on the iPhone, study finds: ‘People are all depressed and alone and doomscrolling’
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You can blame America’s plummeting fertility rate on the iPhone, study finds: ‘People are all depressed and alone and doomscrolling’

A recent NBER paper noted the link between iPhone sales and declining births could be a result of more time on devices, and less time connecting.

fortune.com · Jun 12, 2026 · 1 min read
SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders
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SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders

The hotly anticipated IPO is set to be the largest in stock market history, and is more than 7.5 times Alibaba's IPO, in second place.

fortune.com · Jun 12, 2026 · 1 min read
The chaos at CBS News shows the limits of ‘blow it up’ leadership
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The chaos at CBS News shows the limits of ‘blow it up’ leadership

Bari Weiss’s CBS News overhaul illustrates the perils of disruption-heavy turnarounds. Experts explain how to strip the drama out of a corporate overhaul.

fortune.com · Jun 12, 2026 · 1 min read
Melania launches Trump Accounts for foster kids — and Democratic governors want no part of it
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Melania launches Trump Accounts for foster kids — and Democratic governors want no part of it

The first lady said the move “gives foster children the same chance at asset ownership and long-term wealth as every other child.”

fortune.com · Jun 12, 2026 · 1 min read
Why is the FDA approving kid-friendly, fruit-flavored e-cigarettes?
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Why is the FDA approving kid-friendly, fruit-flavored e-cigarettes?

The restrictions that drove youth vaping to record lows are the ones the FDA just waived — replacing clinical proof with a Bluetooth age-verification app.

fortune.com · Jun 12, 2026 · 1 min read
Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
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Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed

Joihn Healey was working on a plan to reopen the Strait of Hormuz. He quit three days after seeing the spending budget.

fortune.com · Jun 12, 2026 · 1 min read
SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits
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SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits

SpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.

cnbc.com · Jun 11, 2026 · 1 min read
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
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Why is it so hard to get ROI from AI? Because building from first principles isn’t easy

At Fortune Brainstorm Tech, executives said that finding value from AI starts with strategy and continues with process reinvention.

fortune.com · Jun 11, 2026 · 1 min read
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
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SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big

The real money comes after the opening bell.

fortune.com · Jun 11, 2026 · 1 min read
Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%
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Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%

Days before the worst chip rout since 2020, BofA warned that seven warning lights were flashing.

fortune.com · Jun 11, 2026 · 1 min read
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
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Three ways that Asia’s enterprises are adopting AI—and where they are falling behind

Asia’s AI race won’t be won by early adopters. It will be won by businesses that rebuild processes, data, and governance around AI at scale.

fortune.com · Jun 11, 2026 · 1 min read