SpaceX IPO Catapults Elon Musk to First Trillionaire

Sat Jun 13 2026 00:35:50 GMT+0000 (Coordinated Universal Time)

Elon Musk’s SpaceX debut crowns him the world’s first trillionaire, sparking debate on wealth inequality and the prospects of space‑commerce.

Elon Musk’s SpaceX went public on Nasdaq with a valuation of $2.2 trillion, pushing him past the $1 trillion net‑worth threshold. The shares surged from the $135 offering price to close near $176, valuing Musk’s 42 % stake at $767 billion. The milestone reignited global debates on wealth inequality, comparing his fortune to entire national GNPs, and highlighted his controversial political influence. Investors largely celebrated the listing, driven by strong appetite for Musk’s vision of a multi‑planetary economy, though critics point to the heavy reliance on future earnings. SpaceX, still unprofitable, plans to use the proceeds to expand satellite services and rocket manufacturing, aiming to become a global powerhouse.

SpaceX IPO Catapults Elon Musk to First Trillionaire

Elon Musk’s SpaceX went public on Nasdaq, with a valuation of $2.2 trillion, pushing the electric‑vehicle and rocket pioneer over the $1 trillion net‑worth mark – the first person ever to do so.

The IPO hiked SpaceX shares from the $135 offering price to a near‑$176 close, giving Musk’s 42 % stake a value of $767 billion and a total net worth of about $1.11 trillion including Tesla holdings.

The milestone has reignited global debates on wealth inequality – with critics comparing Musk’s fortune to the gross domestic product of entire nations – and spotlighted his controversial political influence.

Investors, however, largely celebrated the listing, with analysts noting the surge as evidence of a strong appetite for Musk’s vision of a multi‑planetary economy, while also warning that the valuation is heavily based on future expectations rather than current earnings.

SpaceX, still unprofitable and burning billions on rockets and AI, plans to use the proceeds to expand satellite services, rocket manufacturing, and out‑of‑orbit infrastructure, turning the high‑risk venture into a potential global powerhouse.