Elon Musk has become the world’s first trillionaire after SpaceX completed a record-breaking $75 billion IPO.
When SpaceX shares began trading on Friday, Musk’s net worth surged past $1.1 trillion, placing him in a financial league of his own. His fortune includes significant holdings in SpaceX, Tesla, and a range of other investments and assets.
Musk’s stake in SpaceX alone is now estimated at approximately $690 billion.
The historic public offering is also expected to create substantial wealth for thousands of SpaceX employees who hold company stock.
Investors are betting that Musk can replicate the success he achieved with Tesla—transforming it into a global automotive powerhouse—by leading SpaceX to dominate the future of space exploration and artificial intelligence.
The company’s debut marks the largest IPO in history and a defining moment for the aerospace industry.