As SpaceX officially debuted on the Nasdaq, American entrepreneur Elon Musk has moved significantly closer to becoming the first person in history with a net worth exceeding $1 trillion.
The commercial space giant’s public offering has set a new global IPO record and propelled Musk’s fortune to unprecedented levels.
SpaceX listing boosts Musk’s wealth
According to filings disclosed by U.S. securities regulators, SpaceX issued more than 555 million shares at $135 per share, valuing the company at nearly $1.8 trillion. This places it among the most valuable companies on Wall Street, surpassing firms such as Tesla, Meta, and Walmart.
The IPO raised more than $75 billion, setting a new world record for funds raised through an initial public offering. If the overallotment option is fully exercised, total proceeds could exceed $86 billion.
According to data from Bloomberg, following the IPO pricing, Musk’s SpaceX holdings were worth approximately $688 billion, pushing his personal net worth to about $971 billion.
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Just one step away from $1 trillion
According to Business Insider, Musk’s net worth before the IPO stood at roughly $696 billion, with most of his wealth derived from his SpaceX stake.
Based on estimates, assuming the value of his other assets remains unchanged, Musk’s total wealth could surpass $1 trillion if SpaceX shares rise from the IPO price of $135 to approximately $140.71 per share.
Musk currently owns about 39 percent of SpaceX’s outstanding shares and may receive additional equity awards in the future if certain performance targets are met.
Even without crossing the trillion-dollar threshold, Musk remains the world’s richest person by a wide margin. Bloomberg data show that Larry Page ranks second with a fortune of roughly $310 billion.
Over the past year, Musk’s wealth has increased by approximately 163 percent.
AI and space businesses support high valuation
The rapid rise in SpaceX’s valuation has been a key driver of Musk’s growing fortune.
During the second half of 2025, the company’s valuation climbed from about $800 billion to more than $1 trillion. In February 2026, SpaceX completed an integration with AI company xAI, further expanding its business portfolio.
Today, SpaceX has evolved beyond a rocket-launch provider into a diversified technology conglomerate spanning satellite internet, artificial intelligence, and aerospace technologies. Investors are closely watching the expansion of the Starlink satellite internet network and the future prospects of the Grok chatbot.
Financial reports show that SpaceX generated $18.7 billion in revenue in 2025. However, due to heavy investments in AI infrastructure, the company recorded a net loss of $4.9 billion for the year.
SpaceX President Gwynne Shotwell told CNBC that the company remains focused on its long-term strategic objectives rather than short-term profitability.
Record-breaking IPO draws global attention
SpaceX is among the first major AI and technology companies to enter the public market at this scale, attracting significant interest from investors worldwide.
Bloomberg cited market data showing that the offering was more than four times oversubscribed, with both institutional and retail investors demonstrating strong demand. Approximately 20 percent of the shares were reserved specifically for retail investors.
The company’s prospectus outlines future plans that include expanding the Starlink satellite internet business, advancing AI applications, and pursuing longer-term space commercialization projects. SpaceX estimates that the total addressable market for its businesses could eventually reach tens of trillions of dollars.
Analysts believe the IPO has not only rewritten global capital market records but could also further widen Musk’s lead atop the global rich list. If SpaceX shares continue to rise after the listing, the world’s first trillionaire may soon become a reality.
