Key facts
- Elon Musk has become the world's first trillionaire following SpaceX's record-setting initial public offering.
- SpaceX's IPO opened at $150 per share, with its valuation soaring to $2.1 trillion at market close.
- The IPO raised $75 billion, making it the largest IPO ever.
- Musk's net worth reached $1.11 trillion, surpassing the combined wealth of the next four billionaires.
- SpaceX stock closed up 19% on its first trading day, despite the company reporting a net loss.
Elon Musk has become the world's first trillionaire following the historic initial public offering of SpaceX. The company's shares surged 19% on their first trading day, pushing its valuation to $2.1 trillion and raising $75 billion in the largest IPO ever.
Musk's net worth now stands at $1.11 trillion, surpassing the combined fortunes of the next four wealthiest billionaires: Larry Page, Sergey Brin, Jeff Bezos, and Larry Ellison. SpaceX's stock opened at $150 per share, 11% above its IPO price of $135, and closed at $160.95. Despite the overwhelming investor enthusiasm, SpaceX reported a net loss of $4.94 billion on revenue of $18.67 billion for 2025, with investor optimism centered on future growth prospects.
Musk, who was first recognized as a billionaire in 2012, has seen his fortune expand significantly, particularly after a Tesla stock split in 2020. He retains effective control of SpaceX, holding approximately 82.4% of the company's voting rights. The debut has generated a mix of reactions, including investor euphoria, fan admiration, and public criticism regarding wealth inequality, with figures like Senator Elizabeth Warren and Zohran Mamdani commenting on the issue.