Elon Musk Becomes World’s First Trillionaire

Elon Musk has become the world’s first trillionaire after SpaceX began trading on the Nasdaq stock exchange on Friday, June 12, 2026.

Musk’s net worth crossed the $1tn threshold shortly after the aerospace company completed its initial public offering (IPO) and shares began trading publicly.

The increase in his fortune was driven by the early performance of SpaceX stock on its first day of trading.

SpaceX opened at $150 per share, above its IPO price of $135. The opening price placed the company’s valuation at nearly $2tn.

Musk holds a significant equity stake in the company, contributing to the increase in his estimated personal wealth.

According to estimates from Forbes and Bloomberg, Musk’s net worth is approximately $1.1tn following the IPO.

The calculation reflects his combined holdings in several companies, including Tesla, SpaceX, xAI, Neuralink, and The Boring Company.

Musk, who was born in South Africa, has been the world’s richest individual for several years. His wealth has been closely tied to the performance of his technology and engineering companies, particularly Tesla and SpaceX.

SpaceX, founded in 2002, develops and manufactures spacecraft and rocket systems. The company operates reusable rocket programs and provides satellite-based internet services through its Starlink network. It also conducts commercial and government space missions, including contracts with NASA.

The IPO marks the first time SpaceX shares have been made available on a public exchange.

Trading activity on the first day saw the company’s valuation rise significantly above its initial offering price.

Financial analysts tracking the listing said the increase in SpaceX’s valuation contributed to Musk’s net worth crossing the trillion-dollar mark. Market data indicated strong early investor demand following the listing.

Under the terms of the offering, Musk is subject to a lock-up period that restricts him from selling a large portion of his shares for a set period following the IPO. The restriction is standard in public listings to prevent immediate large-scale share sales by major stakeholders.

SpaceX’s stock performance is expected to remain under close watch in the coming days as investors assess its valuation and trading stability following its market debut.