Elon Musk becomes world’s first Trillionaire

Elon Musk has become the first person in history to surpass a $1 trillion net worth. He reached this massive milestone after SpaceX‘s blockbuster stock market debut sent the company’s valuation soaring.

Shares of SpaceX surged after the rocket company’s initial public offering (IPO), pushing Musk’s fortune above the trillion-dollar mark. According to Forbes estimates, his net worth now exceeds $1.1 trillion.

The listing has pushed the billionaire entrepreneur net worth further that before. His wealth was already far ahead of any other individual before the IPO. Prior to SpaceX’s market debut, Musk was worth an estimated $780 billion to $813 billion, depending on the valuation method used.

SpaceX priced its IPO at $135 per share before trading began on Friday. The stock quickly climbed above its offering price and closed at around $161 per share, giving the company a market value exceeding $2 trillion.

The surge added hundreds of billions of dollars to the value of Musk’s stake in the company. SpaceX is now among the largest publicly traded companies in the United States, ranking behind only a handful of technology giants including Apple, Microsoft, Nvidia, Amazon and Alphabet.

Much of Musk’s wealth is tied to his ownership stake in SpaceX, which has grown into a sprawling business spanning rocket launches, satellite internet and artificial intelligence.

The milestone widens Musk’s lead over the world’s other richest people.

Musk’s fortune now exceeds the combined wealth of several of the world’s top billionaires, including Larry Page, Google co-founder Sergey Brin and Oracle founder Larry Ellison.

The achievement also creates a new benchmark in global wealth accumulation. No individual had previously reached a trillion-dollar net worth.

To put the figure into perspective, a trillion dollars is equivalent to one thousand billion dollars.

Musk, 54, built his fortune through a network of companies spanning electric vehicles, space exploration, social media, artificial intelligence and infrastructure.

He became a household name through Tesla, which helped accelerate the global shift toward electric vehicles. He later expanded his influence through SpaceX, social media platform X, AI company xAI, brain-chip startup Neuralink and tunneling firm The Boring Company.

Investors have increasingly placed a premium on Musk-led businesses, betting on his ability to turn ambitious ideas into commercially successful ventures.

“Much like Tesla, SpaceX is a bet on Elon Musk,” Matt Kennedy, senior strategist at Renaissance Capital, said ahead of the company’s debut.

Founded in 2002, SpaceX has become one of the world’s most valuable private space companies.