SpaceX founder and Chief Executive Officer Elon Musk has made headlines by becoming the first person in history to cross the $1 trillion net worth threshold, as reported by CNN. This remarkable milestone was fueled by the blockbuster stock market debut of his rocket company.
SpaceX priced its initial public offering at $135 per share, which catapulted Musk’s estimated fortune to just over $1 trillion. Shortly after markets opened on Friday, shares of SpaceX, trading under the ticker symbol “SPCX” on the Nasdaq, surged to $165—approximately 22 percent above the IPO price—elevating SpaceX’s valuation to over $2 trillion.
Before this landmark listing, Musk’s net worth was estimated at $813 billion, significantly surpassing the planet’s second-richest individual, Google co-founder Larry Page, whose wealth stands at around $288 billion, according to Forbes.
Musk’s current net worth now exceeds the combined wealth of the next three names on the Bloomberg Billionaires Index: Google co-founders Larry Page and Sergey Brin, along with Oracle founder Larry Ellison.
With its current valuation, SpaceX ranks as the sixth-largest publicly traded company in the United States, trailing only behind tech giants Nvidia, Alphabet, Apple, Microsoft, and Amazon.
SpaceX is also the parent company of Starlink, the profitable and rapidly growing satellite internet service, and xAI, Musk’s artificial intelligence venture that operates the Grok chatbot.
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