SpaceX has made Elon Musk the world's first trillionaire. He has become the world's first trillionaire. According to the Bloomberg Billionaires Index, Musk's net worth is now $1.11 trillion, which is more than the combined wealth of the next four billionaires. The total net worth of Larry Page, Sergey Brin, Jeff Bezos and Larry Ellison is $ 1.089 trillion, while the wealth of Elon Musk alone is $ 1.11 trillion.
After weeks of waiting and speculation, SpaceX got off to a great start as investors around the world finally got their first chance to trade the company's shares. SpaceX shares closed up 19% in their first session, leading Musk The wealth of reached record level. SpaceX is now the sixth most valuable company listed in the US, with a market value of $2.1 trillion. Shares began trading at $150, 11% above the IPO price of $135, and closed the session at $160.95.
Musk was first recognized as a billionaire in 2012, when his wealth was estimated at $2.4 billion. His net worth increased to $20 billion in 2019 and saw a huge jump the next year after Tesla's stock split. This rise brought Musk to the select list of people in the world with a net worth of more than $100 billion.
In the six years that followed, Musk's wealth increased almost tenfold. His pace of creating wealth has been so fast that even many of the world's biggest billionaires are nowhere near it. These include names like Bill Gates and Bernard Arnault. Musk first became famous because of Tesla and SpaceX and then in 2022 he further expanded his scope by purchasing social media platform Twitter for $44 billion. Born in Pretoria, South Africa, Musk later moved to America and graduated from the University of Pennsylvania in 1997.
After raising $75 billion in IPO, SpaceX shares opened at $150 under the ticker SPCX. The stock touched a high of $176.52 during the day and finally closed at around $161. According to reports, more than 50 crore shares were traded during this session, which was close to the trading volume of Facebook's first day in 2012.
Despite tremendous enthusiasm from investors, SpaceX is still running at a loss. The company has reported revenue of $18.67 billion and net loss of $4.94 billion for 2025. Investors' confidence rests more on the future growth of satellite broadband, launch services, defense contracts and AI-related businesses than on the company's current earnings.
