06/13/2026
Elon Musk has become the world’s first person with an estimated net worth exceeding $1 trillion, following the historic IPO of SpaceX.
Key Facts
* SpaceX priced its IPO at $135 per share, raising approximately $75 billion, the largest IPO in history.
* The stock debuted under the ticker SPCX and closed its first trading day at $160.95, giving SpaceX a market value of roughly $2.1 trillion.
* Musk owns about 38% of SpaceX, and when combined with his holdings in Tesla and other ventures, his wealth rose above $1 trillion on paper.
Why This Is Historic
A trillion dollars is an enormous amount of wealth. For comparison, only a small number of countries have annual economic output (GDP) greater than $1 trillion. Musk’s fortune is now larger than the GDP of many nations.
SpaceX’s Vision
At an event in Starbase, Texas, Elon Musk said SpaceX aims to take people to the Moon, Mars, and eventually beyond, reflecting the company’s long-term goal of making humanity a multi-planetary species.
World’s Richest People (Approximate, June 2026)
1. Elon Musk — ~$1.1 trillion+
2. Larry Page — ~$288 billion
3. Other leading billionaires remain far behind Musk’s net worth.
This milestone is based on the market value of Musk’s holdings and can fluctuate significantly if SpaceX or Tesla shares rise or fall.