Elon Musk is World's First Trillionare
Elon Musk has become the first person in the world whose estimated net worth has crossed the $1 trillion mark on paper, following SpaceX’s historic initial public offering.
Elon Musk has become the first person in the world whose estimated net worth has crossed the $1 trillion mark on paper, following SpaceX’s historic initial public offering.
The space and satellite company completed the largest IPO in stock market history, giving it an official market valuation of roughly $1.77 trillion. On a fully diluted basis, including options and restricted employee shares, the company’s valuation is estimated at around $1.8 trillion.
SpaceX is set to begin trading on the Nasdaq under the ticker symbol SPCX. The IPO price was set at $135 per share, with the company raising approximately $75 billion through the offering. The size of the raise surpasses the previous record set by Saudi Aramco’s 2019 public offering.
According to filings submitted to the U.S. Securities and Exchange Commission, Musk holds shares that give him about 84.4% of the voting power in SpaceX. Based on the IPO price, his stake in the company alone is valued at approximately $866 billion.
When combined with his holdings in Tesla, whose value is estimated at nearly $286 billion based on a share price of around $399, and his additional stakes in companies including X and xAI, Musk’s total paper wealth is now estimated at between $1.1 trillion and $1.2 trillion.
The milestone places Musk in a category no individual has previously reached, at least by modern public-market valuations. His wealth is now tied not only to Tesla, which made him the world’s richest person in previous years, but also to SpaceX’s massive valuation as a public company.
Still, market analysts caution that the figure is theoretical. Much of Musk’s fortune is tied to shares in public companies, making it highly sensitive to market volatility. A major drop in Tesla or SpaceX stock could quickly reduce the estimate.
In addition, some of Musk’s SpaceX-linked holdings are reportedly dependent on long-term performance goals and future milestones, meaning not all of the valuation represents liquid or immediately accessible wealth.
Even with those limitations, the SpaceX IPO marks a historic moment for both the financial markets and Musk’s business empire. A company that began as an ambitious private space venture has now entered the public markets with one of the highest valuations ever recorded, turning its founder into the world’s first trillionaire on paper.