Elon Musk became the first person to reach a trillion-dollar net worth following the initial public offering of SpaceX on Friday [1].

The event marks a historic shift in global wealth concentration and establishes SpaceX as one of the most valuable companies in the world. This transition from a private entity to a public company allows for greater liquidity and transparency regarding the aerospace firm's valuation.

SpaceX shares began trading on the Nasdaq stock exchange on June 11, 2026 [1]. The IPO raised $75 billion [2], with the company offering 555.6 million shares [2]. Reports on the offering price per share varied, with Forbes citing $150 [1] and Yahoo Finance reporting $135 [3].

The market valuation of the company following the IPO was approximately $1.96 trillion [2]. Other reports described the value as nearly $2 trillion [1]. This massive valuation significantly boosted Musk's personal wealth, as his specific stake in SpaceX is now worth more than $766 billion [4].

Combining his SpaceX holdings with other assets, Musk's total net worth is estimated at approximately $1.05 trillion [4]. This milestone makes him the first individual in history to cross the trillion-dollar threshold.

The IPO represents a record-breaking entry into the public markets. By moving to the Nasdaq, SpaceX joins a tier of mega-cap companies that influence global economic trends, and investor sentiment toward the commercial space industry.

“Elon Musk became the first person to reach a trillion-dollar net worth”

The transition of SpaceX to a public company creates a new benchmark for the valuation of aerospace and satellite infrastructure. By reaching a trillion-dollar net worth, Musk's financial influence now rivals the GDP of some sovereign nations, potentially increasing his leverage over global technology and transport sectors.