SpaceX’s initial public offering positions Elon Musk as the world’s first trillionaire
Elon Musk has achieved the milestone of becoming the world’s first trillionaire, as the IPO of SpaceX propels his wealth past the $1 trillion threshold.
Elon Musk has achieved the status of the world’s first trillionaire following the initial public offering of SpaceX, which propelled his wealth past the $1 trillion threshold.
The milestone comes after SpaceX’s record $75 billion IPO on Thursday, underscoring robust investor interest in the rocket, satellite, and artificial intelligence company that is central to Musk’s business empire alongside Tesla.
Prior to the share sale, Forbes assessed Musk’s net worth to be approximately $780 billion, placing him significantly ahead of other billionaires worldwide, including Larry Page.
“The second richest person has been hovering around $300 billion, which is less than one-third of what Musk could potentially be worth tomorrow,” stated Matt Durot, deputy editor at Forbes Wealth. “Only one other individual, Larry Ellison, the founder of Oracle, has ever reached a net worth of $400 billion.”
Based on calculations from Reuters that utilize company filings, the majority of Musk’s wealth is linked to his SpaceX holdings, which are estimated to be worth approximately $866 billion. With his investments in Tesla and various other assets, his net worth is projected to surpass $1.1 trillion when SpaceX shares commence trading on Friday.
Musk initially gained widespread recognition through Tesla and SpaceX, later broadening his impact with the $44 billion purchase of the social media platform X, formerly known as Twitter, in 2022. The acquisition provided him with direct access to hundreds of millions of users and enhanced his visibility in discussions surrounding politics, immigration, government spending, and free speech.
His increasing engagement in politics has drawn attention. Last year, his position in US President Donald Trump’s Department of Government Efficiency sparked controversy and coincided with declining Tesla sales in various international markets during 2025, as protests and consumer boycotts aimed at the company emerged.
Born in Pretoria, South Africa, Musk pursued his studies at the University of Pennsylvania, where he graduated in 1997.
He assumed the role of Tesla’s chief executive in 2008, driven by the conviction that electric vehicles could merge exceptional performance with cutting-edge software capabilities. Industry analysts indicate that Tesla’s ascent and its valuation exceeding a trillion dollars have contributed to the rapid transition of traditional car manufacturers towards electric vehicles.
Despite facing criticism regarding his political views, corporate governance, and increasing influence, Musk has maintained a devoted following and continues to be one of the most recognizable figures in the realms of global business and technology. The SpaceX IPO solidifies his status at the pinnacle of global wealth rankings, establishing a new standard in both corporate and personal wealth.
