SpaceX IPO Valuation Makes Elon Musk First Trillionaire

Elon Musk has become the world's first trillionaire following the historic public debut of his aerospace company, SpaceX, which raised $75 billion in the largest initial public offering ever recorded. The company began trading on the Nasdaq on June 12, 2026, with a valuation of approximately $1.77 trillion, a figure that propelled Musk's net worth past the thirteen-digit threshold.

The IPO priced 555.6 million shares at $135 each, generating unprecedented demand that exceeded available shares by more than four times. An overallotment option for an additional 83.3 million shares could increase the total fundraising to nearly $86 billion. The listing values SpaceX as more significant than Musk's electric vehicle company, Tesla, and among the world's largest public companies.

Musk's path to a trillion-dollar net worth accelerated in recent years, crossing $300 billion in 2021 and reaching between $789 billion and $839 billion by June 11, 2026. His majority stake in SpaceX, combined with his holdings in Tesla and his artificial intelligence venture, xAI, now gives him combined equity positions valued above $1.1 trillion. This milestone places his wealth above the combined net worth...