Billionaire entrepreneur Elon Musk has reportedly become the first individual in history to surpass a net worth of $1 trillion, following the highly anticipated public listing of SpaceX.
Key Highlights:
- Elon Musk has reportedly become the first person to surpass a $1 trillion net worth.
- The milestone followed the public listing of SpaceX on Nasdaq under the ticker SPCX.
- SpaceX shares jumped from $135 to about $165 after trading began.
- The surge pushed SpaceX’s valuation above $2 trillion.
- Musk’s fortune is now estimated at over $1 trillion, extending his lead as the world’s richest person
According to reports, the rocket and space technology company launched its initial public offering at $135 per share, triggering a sharp rise in investor demand.
Shares of the company, trading under the ticker symbol “SPCX” on the Nasdaq exchange, climbed to approximately $165 shortly after market opening, representing a gain of about 22 percent above the listing price.
The surge in the company’s stock market value pushed SpaceX’s overall valuation beyond $2 trillion and significantly boosted Musk’s personal fortune, which is now estimated to exceed the $1 trillion mark.
Prior to the public offering, Musk’s wealth was estimated at roughly $813 billion, already making him the world’s richest individual by a substantial margin.
The latest increase places him far ahead of other global billionaires, including Larry Page, whose fortune is estimated at around $288 billion.
The milestone further cements Musk’s position at the top of global wealth rankings, with his fortune now reportedly exceeding the combined wealth of several other leading technology entrepreneurs, including Sergey Brin and Larry Ellison.
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With a valuation exceeding $2 trillion, SpaceX has joined the ranks of the largest publicly traded companies in the United States, behind only a handful of technology giants, including Nvidia, Alphabet, Apple, Microsoft and Amazon.
Founded by Musk in 2002, SpaceX has become a dominant force in the global aerospace industry through its reusable rocket technology, commercial satellite launches, and deep-space exploration ambitions.
The company also owns Starlink, a fast-growing satellite internet service, as well as xAI, Musk’s artificial intelligence company behind the Grok chatbot.
The achievement marks a historic moment in global business and finance, underscoring the growing influence of technology, space exploration, and artificial intelligence in shaping the fortunes of the world’s wealthiest individuals.
