Ex-Billionaire, Elon Musk has just hit trillionaire status. As SpaceX started trading on Friday, its IPO valued Musk’s stake at nearly $870 billion on paper — pushing his total fortune past $1 trillion, making him the world’s first trillionaire.
SpaceX’s record $75B IPO on Thursday pushed Elon Musk past the $1 trillion mark. The listing shows huge investor appetite for the rocket, satellite, and AI company that sits at the core of Musk’s empire alongside Tesla.
Before the IPO, Forbes put Musk’s net worth at $780B — already far ahead of other billionaires like Larry Page. For context, Forbes Wealth’s Matt Durot noted the world’s #2 richest person sits around $300B, less than a third of Musk’s potential value. Only Larry Ellison has ever crossed $400B before now.
Based on Reuters’ calculations from company filings, $866B of Musk’s wealth is tied to SpaceX. Add in Tesla and his other assets, and his net worth is set to top $1.1T when SpaceX shares opened Friday.
Musk first became a global name with Tesla and SpaceX, then grew his influence further with the $44B buyout of X, formerly Twitter, in 2022. That deal gave him direct reach to hundreds of millions of users and a bigger voice in debates on politics, immigration, spending, and free speech.
Born in Pretoria and a 1997 UPenn grad, Musk took over Tesla in 2008 on the idea that electric cars could be fast and smart. Tesla’s trillion-dollar rise forced legacy carmakers to pivot to EVs, analysts say.
Controversies around his politics and influence haven’t dented his following. He’s still one of the most visible figures in business and tech. With SpaceX now public, Musk’s wealth hits new highs and resets the benchmark for personal and corporate wealth.