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Elon Musk’s net worth rises to $1.1T after SpaceX IPO, making him world’s first trillionaire
SpaceX's $75 billion public offering, the largest in history, catapulted Musk's paper wealth past the 13-digit threshold
Elon Musk is now worth $1.1 trillion on paper. The catalyst: SpaceX completed its initial public offering on June 12, pricing shares at $135 each and raising $75 billion in the process. That makes it the largest IPO in recorded history, and it pushed the rocket company’s valuation to approximately $1.77 trillion.
The numbers behind the trillionaire milestone
Musk’s SpaceX stake is valued at around $866.5 billion post-IPO, based on SEC filings. Stack that on top of approximately $286 billion in Tesla shares, and you get the first human being to cross the trillion-dollar net worth line.
Before the IPO, estimates of Musk’s total wealth ranged from $722 billion to $826 billion. The offering added somewhere between $274 billion and $378 billion to his paper fortune in a single day.
Trading kicked off on Nasdaq under the ticker SPCX. The listing marks the end of more than 20 years of private operations for SpaceX, a stretch during which the company built reusable rockets, launched thousands of Starlink satellites, and became NASA’s go-to ride to the International Space Station.
Musk retains approximately 84.4% of voting power through a Class B share structure.
How SpaceX became the biggest IPO ever
Reports from CNBC, Reuters, and Forbes all zeroed in on the sheer scale of the offering and what it meant for Musk’s personal balance sheet.
The previous largest US IPO was Saudi Aramco’s 2019 listing, which raised $25.6 billion on the Saudi exchange. SpaceX tripled that figure.
Musk’s other ventures, including xAI and the broader Starlink operation, were noted in coverage surrounding the IPO. But analysts kept the pricing discussion focused squarely on SpaceX’s core business. The $1.77 trillion valuation reflects the market’s assessment of rockets and satellites.
What this means for investors and the broader market
Musk’s 84.4% voting control means public shareholders have limited ability to influence corporate direction. When one person’s voting power controls a $1.77 trillion company, the governance risk profile is worth understanding before buying in.