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Elon Musk Becomes the First Trillionaire in History
Elon Musk, the owner of SpaceX, has become the first person in history with a fortune of more than $1 trillion following the initial public offering of Space Exploration Technologies Corp.
SpaceX, founded by Musk in 2002, filed for an IPO in May 2026, submitting the relevant S-1 form to the U.S. Securities and Exchange Commission (SEC). The share offering took place on 11 June 2026 at a price of $135 per share. It became the largest IPO in history: the company managed to raise around $75 billion, while its valuation reached approximately $1.75–1.77 trillion. Trading in SpaceX shares under the ticker SPCX began on 12 June 2026.
Net Worth Surpasses the Trillion-Dollar Mark
According to estimates, Musk’s stake in SpaceX, combined with his assets in Tesla and other related companies, exceeded $1 trillion after the IPO. This made him the first person whose net worth reached trillionaire status. Confirmation of crossing this threshold is directly linked to SpaceX’s public share offering and is reflected in current wealth estimates.
Company Plans and Musk’s Comments
SpaceX announced the IPO through its own website and related resources, including a dedicated page, spacexipo.com, where the company emphasises its mission to advance humanity’s multiplanetary future, the Starlink project and areas connected with artificial intelligence. Musk personally commented on the progress of the offering on X, confirming information about the deal.
Results of the Offering
Thus, the SpaceX IPO became not only the largest in history by the amount of capital raised, but also an event that changed the balance of power among the world’s richest people. The company received a valuation that places it alongside the largest corporations in the world, and its shares are now available for trading on the exchange under the ticker SPCX.
The future performance of SPCX shares and changes in Musk’s net worth will depend on how the market receives the newly public company in the following trading sessions.
AI Opinion
From the perspective of machine data analysis, the first trillionaire in history is not only a personal record, but also a structural signal. The concentration of such wealth in one person’s hands became possible precisely through the public market: the SpaceX IPO attracted nearly $250 billion in orders against a target size of $75 billion — an oversubscription of almost four times. The historical precedent is interesting here: Saudi Aramco went public in 2019 with a valuation of around $1.7 trillion, but that listing took place mainly on the local Tadawul exchange and met with restrained international demand. SpaceX is taking a different path — through global hype and a parallel derivatives market on crypto exchanges.
One technical question remains, and the market is not yet asking it loudly enough: the $1.75–1.77 trillion valuation was formed without public financial reporting throughout the company’s entire existence. Pricing models are built on Starlink projections and the stated potential $23 trillion market for AI products — an ambitious figure, but one not yet verified by operating results. Whether the valuation holds up after the first quarterly reports of the public company is the question that will make 2026 truly historic regardless of the answer.
See also: "Singapore Versus the World: Why Crypto Investors Are Choosing Singapore in 2026"
