SpaceX CEO Elon Musk has made history by becoming the first individual to surpass a $1 trillion net worth, according to This unprecedented milestone was achieved following the highly anticipated initial public offering (IPO) of SpaceX, priced at $135 per share. Musk’s estimated fortune soared to over $1 trillion, aided by a 22% rise in stock value shortly after trading began, as shares reached $165. This surge propelled SpaceX’s valuation beyond $2 trillion.
Prior to the IPO, Musk’s wealth was estimated at approximately $813 billion, significantly outpacing the world’s second-richest person, Larry Page of Google, with a wealth of about $288 billion, as reported by Forbes. Musk’s fortune now exceeds the combined net worths of the next three individuals on the Bloomberg Billionaires Index: Google co-founders Larry Page and Sergey Brin, along with Oracle’s founder Larry Ellison.
As it stands, SpaceX holds the position of the sixth-largest publicly traded company in the U.S., trailing behind tech giants such as Nvidia, Alphabet, Apple, Microsoft, and Amazon. In addition to its rocket endeavors, SpaceX also oversees Starlink, a profitable satellite internet service, and xAI, Musk’s artificial intelligence initiative that includes the Grok chatbot.
