Elon Musk Becomes First Person to Reach $1 Trillion Net Worth After SpaceX IPO Surge

Elon Musk, the founder and Chief Executive Officer of SpaceX, has reportedly crossed the historic milestone of a $1 trillion net worth after the company’s strong performance on its initial public offering (IPO) in the United States stock market.

According to reports, SpaceX launched its IPO at $135 per share and saw immediate investor demand push the price up to around $165 shortly after trading began on the Nasdaq under the ticker symbol “SPCX.” The surge reportedly lifted the company’s valuation to over $2 trillion.

The increase in SpaceX’s market value significantly boosted Musk’s personal fortune, pushing his estimated net worth beyond the $1 trillion mark. Prior to the IPO, his wealth was estimated at approximately $813 billion, according to Bloomberg Billionaires Index projections.

The development places Musk far ahead of other global billionaires, including Google co-founders Larry Page and Sergey Brin, as well as Oracle founder Larry Ellison, whose combined fortunes are reportedly now lower than Musk’s individual wealth.

SpaceX’s public debut also positions it among the largest companies in the United States, ranking behind major tech giants such as Nvidia, Apple, Microsoft, Amazon, and Alphabet in overall market value.

The company’s growth has been driven by its expanding aerospace and satellite operations, including Starlink, its global satellite internet service, as well as its artificial intelligence subsidiary, xAI, which developed the Grok chatbot.

The IPO milestone marks a significant moment in global financial markets, further solidifying Musk’s influence across technology, space exploration, and artificial intelligence industries.