SpaceX IPO Makes Elon Musk the World's First Trillionaire
The record-breaking $75 billion USD initial public offering catapults the entrepreneur’s net worth past $1.1 trillion USD.
Summary
- SpaceX raised a record $75 billion USD in its historic initial public offering on Thursday
- The milestone officially establishes CEO Elon Musk as the world’s first trillionaire
- Musk’s net worth is projected to exceed $1.1 trillion USD as public trading begins on the Nasdaq exchange
SpaceX has officially completed its historic initial public offering, raising a record-breaking $75 billion USD. The monumental financial milestone, reported on June 11, 2026, has propelled CEO Elon Musk‘s total personal fortune past the trillion-dollar mark, making him the first individual in global history to achieve trillionaire status.
Prior to the landmark share sale, Forbes estimated Musk’s net worth at approximately $780 billion USD, placing him significantly ahead of other global billionaires. The massive valuation surge is largely driven by his concentrated ownership stake in SpaceX, the sprawling rocket, satellite, and artificial intelligence company, which is now valued at roughly $866 billion USD. Combined with his holdings in electric-vehicle manufacturer Tesla and his various other commercial properties, his total net worth is calculated to exceed $1.1 trillion USD once public stock market trading officially commences.
The scale of Musk’s accumulated wealth places him in an unprecedented financial bracket compared to contemporary tycoons. According to Matt Durot, deputy editor at Forbes Wealth, the world’s second-richest individual has recently hovered around the $300 billion USD mark—meaning Musk’s potential net worth doubles or triples his closest global peers. Prior to this historic listing, Oracle founder Larry Ellison was the only other individual to ever cross the $400 billion USD threshold. Despite facing scrutiny from critics regarding governance, partisan political interventions, and concentrated oligarchic influence, investor enthusiasm for Musk’s aerospace and AI empire remained incredibly high, generating overwhelming demand during the multi-billion-dollar fundraising round.
