Elon Musk has become the first person in history to surpass the $1 trillion net worth mark, at least on paper, after SpaceX priced its highly anticipated initial public offering (IPO) at $135 per share.
SpaceX has debuted on the stock market and it has made Elon Musk the world’s first trillionaire.
Bret Johnsen (C), SpaceX Chief Financial Officer, and Gwynne Shotwell (center R), SpaceX President and Chief Operating Officer, celebrate with SpaceX employees as they ring the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX’s initial public offering (IPO) in New York on June 12, 2026.
As SpaceX shares rose higher, hitting $158.51, Elon Musk’s wealth has passed $1trn.
Elon Musk the majority shareholder, owning more than 41% of SpaceX, Musk is the biggest beneficiary of the rising share price.
Since yesterday, Forbes had Musk’s net worth at $981.2bn and as the richest person in the world.
But more valuable SpaceX shares push up that wealth.
It is possible Musk is the richest person to ever have lived.
He is now about as wealthy as Switzerland and Saudi Arabia.
SpaceX valued at almost $2trn as opening share price revealed
Shares in the Musk-run company have opened at $150 on the Nasdaq stock exchange.
That’s 11% higher than the initial public offering, $135.
It puts the company at a $1.96trn market valuation.
How Much is SpaceX Really Worth?
SpaceX is going to be one of the world’s most valuable companies.
According to SpaceX’s IPO filing, Musk owns 4.8 billion shares of the company, representing about 42 percent of the business. He also holds 350 million stock options exercisable at $8.39 per share.
At the IPO price of $135 per share, Musk’s equity stake is valued at approximately $648 billion, while his stock options add another $44.3 billion to his wealth.
Based on how many shares it has issued and how much institutional investors were willing to pay for those shares, we know it’s valued at at least $1.765trn.
According to Oxfam, that fortune exceeds the combined wealth of the bottom 46 percent of the global population, or about 3.8 billion people and places it as the eighth most valuable company in the world, according to CompaniesMarketcap.com.
If its shares open higher than $145, say at $160, that would see it valued at $2trn.
The milestone highlights a level of personal wealth rarely seen in modern history.
A trillion dollar net worth rivals the economic output of some of the world’s largest economies. According to World Bank data, only 19 countries have gross domestic products exceeding $1 trillion, including the United States and the Netherlands.
