Wikimedia Commons: Debbie Rowe / Unsplash.com: Elena Mozhvilo
Elon Musk has officially become the world’s very first trillionaire after taking SpaceX public.
SpaceX (Nasdaq: SPCX) traded shares publicly on the stock market for the first time on June 12, 2026, with shares going for $150 a pop, $15 over their initial asking price of $135 per share.
The IPO (initial public offering) garnered a record-setting amount of $75 billion. This now values the aerospace manufacturing and SATCOM company at an eye-popping $1.8 trillion.
Elon’s 38% share in SpaceX has now risen to approximately $982 billion, pushing his total financial valuation to an estimated $1.1 trillion — making him the first trillionaire in the entire world.
Elon Musk now valued at estimated $1.1 trillion
Musk is notably the largest shareholder of Tesla, where he owns over 500 million shares, giving him ownership around 15 – 28% of the auto company’s stock.
This, combined with his other significant shares in SpaceX and Starlink, has pushed the world’s richest man to even greater heights.
Musk was first declared the world’s richest man in 2021 after Tesla stock shoved him past a $185 net worth, beating out the former title holder, Amazon executive chairman Jeff Bezos.
Things were already looking good for Musk on Thursday night after SpaceX priced shares at $135, with his net worth rising from $188 billion to a whopping $982 billion.
Very inspiring words from Elon Musk today:
"I always think about this. There are always problems on earth. There’s always things that we wish to be better, that we want to solve on Earth, and we should solve them. But there there also has to be things that get you excited… pic.twitter.com/A9auOI1Daf
— Nic Cruz Patane (@niccruzpatane) June 12, 2026
Musk spoke out after the IPO in a public speech, which he shared to X in a short video.
“I always think about this. There are always problems on earth. There’s always things that we wish to be better, that we want to solve on Earth, and we should solve them,” he said.
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“But there also has to be things that get you excited about the future — that make you glad to wake up in the morning, because you can’t wait to see what happens next. That’s the future SpaceX wants to bring to you.”
