Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

Elon Musk has become the world’s first trillionaire after SpaceX’s record public listing pushed his paper fortune beyond the $1 trillion mark.

The milestone came after SpaceX raised $75 billion in its initial public offering, selling 555,555,555 Class A shares at $135 each before the stock began trading on Nasdaq under the ticker SPCX. The deal valued SpaceX at about $1.77 trillion before its first public-market print, making it the largest IPO on record.

Musk’s fortune is now anchored by his SpaceX stake, which is worth roughly $866 billion, alongside his holdings across Tesla and other companies. His net worth will exceed $1.1 trillion when SpaceX stock trades, based on calculations tied to company filings and stock components that vest over time.

The move completes the setup tracked earlier as the Elon Musk trillionaire watch built around SpaceX’s Nasdaq debut. At the IPO price alone, Musk was already close to the threshold. The opening trade pushed the calculation into historic territory.

SpaceX Opens Above IPO Price

SpaceX opened at $150 per share, about 11% above the $135 IPO price, giving the company a market value near $1.96 trillion in early trading. The opening print confirmed the strength of demand after one of the most aggressive IPO order books ever built around a single company.

Retail interest had already reached rare levels before trading began. SpaceX’s retail IPO orders topped $70 billion before the debut, nearly matching the size of the entire share sale. Total demand was reported to be several times larger than the offering, with individual investors receiving unusually heavy attention during the allocation process.

The listing also turned SpaceX into a live public-market reference point for crypto traders. Hyperliquid’s SPCX pre-IPO perpetual had already crossed major activity thresholds before the debut, with the SPCX perp topping $500 million in 24-hour volume as traders positioned around the opening price.

SpaceX Becomes Musk’s Main Wealth Driver

SpaceX is now the largest driver of Musk’s wealth, overtaking Tesla’s role in previous wealth surges. The company combines reusable rockets, Starlink satellite internet, launch contracts, AI infrastructure ambitions and long-term space plans into a single public-market vehicle.

The valuation gives Musk an unmatched concentration of corporate wealth. It also places SpaceX among the world’s most valuable listed companies immediately after debut, despite heavy investment needs and the high expectations attached to its future growth.