Elon Musk Becomes History’s First Trillionaire Following SpaceX IPO
In a groundbreaking moment for the financial world, Elon Musk has been crowned the first-ever trillionaire. This monumental achievement came about after SpaceX made a spectacular debut on the stock market on Friday, June 12, 2026. The company’s initial public offering (IPO) was priced at $135 per share under the ticker symbol SPCX. The shares then soared as high as $176.52 during trading, closing at approximately $161 — a gain of nearly 20% on its first day.
The IPO valued SpaceX at over $2 trillion, thereby making it the sixth-largest publicly traded company in the United States. Moreover, it became the largest IPO in history, surpassing Saudi Aramco’s $29 billion raise in 2019. Musk, who owns approximately 42% of SpaceX shares, saw his net worth skyrocket to an estimated $1.14 trillion — more than the combined net worth of the world’s next four richest individuals.
Before the listing, Musk’s net worth was estimated at $813 billion. SpaceX, a company that constructs rockets and operates the Starlink satellite internet service, reported revenues of $18.7 billion in 2025, a 33% increase year-over-year. Earlier in 2026, SpaceX also incorporated xAI, Musk’s artificial intelligence venture and the creator of the Grok chatbot, into its operations.
Analysts have noted that about 4,400 SpaceX employees are expected to become millionaires due to the listing. While the markets celebrated the debut, the company’s long-term trajectory may be tested by scrutiny from public investors and regulators.
Source: ABC News — SpaceX IPO makes Elon Musk the first-ever trillionaire