Elon Musk crossed the $1 trillion net worth threshold after shares of SpaceX surged on their first day of trading on the Nasdaq, completing what is now the largest initial public offering in stock market history.
SpaceX shares climbed 19% on debut, with the stock opening at $150 per share.
Musk’s stake in SpaceX alone is now valued at more than $766 billion. Adding his Tesla holdings of approximately $280 billion, his combined net worth stands at roughly $1.05 trillion. (CNBC)
The offering covered 555.6 million shares, raising $75 billion in total proceeds surpassing Saudi Aramco’s 2019 record of $29 billion to become the largest IPO ever completed.
SpaceX’s business today spans rockets, satellite internet, artificial intelligence, social media and national security contracts.
The single-day IPO added more than $180 billion to his fortune. His net worth now exceeds the GDP of Taiwan, Ireland and Sweden individually, and is larger than the combined wealth of the next five richest people on earth.
The listing also created thousands of new millionaires and several new billionaires among SpaceX employees and executives who held company stock.
X, Musk’s social media platform folded into the SpaceX listing, generated about $1.8 billion in advertising revenue in 2025 less than half the $4.5 billion Twitter reported in 2021
The SpaceX listing comes ahead of expected IPOs from Anthropic and OpenAI, both of which have filed confidential paperwork with the SEC.
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