Elon Musk, the founder and CEO of SpaceX, has reportedly become the first individual in history to reach a net worth of $1 trillion following the company’s highly successful stock market debut.
According to a CNN report, Musk’s wealth surged past the milestone after SpaceX priced its initial public offering at $135 per share. The strong market response pushed his fortune to slightly above $1 trillion shortly after trading began.
Shares of SpaceX, listed on the Nasdaq under the ticker symbol SPCX, climbed to around $165 in early trading—about 22 per cent higher than its IPO price. This rapid increase boosted the company’s valuation to more than $2 trillion.
Before the listing, Musk’s estimated net worth stood at roughly $813 billion, already placing him at the top of global billionaire rankings. The latest jump now places him significantly ahead of other tech billionaires, including Larry Page, Sergey Brin, and Larry Ellison.
His combined lead over the next three richest individuals on the Bloomberg Billionaires Index further highlights the scale of his financial dominance in the global tech industry.
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SpaceX’s public debut also strengthens its position among the most valuable companies in the United States, ranking just behind major giants such as Nvidia, Apple, Microsoft, Alphabet, and Amazon.
The company, which also controls Starlink and AI firm xAI—developer of the Grok chatbot—continues to expand its influence across space technology, telecommunications, and artificial intelligence.
The milestone marks a historic moment in global finance, underscoring the rising power of innovation-driven industries in shaping modern wealth creation.
