Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

Elon Musk has officially become the world's first trillionaire, largely thanks to the historic stock market debut of his aerospace company, SpaceX. The company commenced public trading on Friday, June 12, 2026, marking the largest initial public offering (IPO) in history by raising $75 billion. This monumental event propelled SpaceX's valuation to between $1.77 trillion and $2.1 trillion.

The impressive performance of SpaceX shares immediately after their Nasdaq listing significantly boosted Musk's personal fortune. His net worth is now estimated to be approximately $1.1 trillion, a figure that includes his substantial holdings in both SpaceX and Tesla. This milestone solidifies his position as the wealthiest individual globally and represents an unprecedented level of private wealth.