---
title: "Elon Musk Is Now the World’s First Trillionaire After SpaceX’s Record IPO"
url: https://burnaze.com/article/89814ed4-39c6-439d-b8f3-75fb39b530f4
source: "Entrepreneur Franchise"
original_url: https://www.entrepreneur.com/business-news/elon-musk-just-filed-for-space-x-ipo
author: "Jonathan Small"
category: "Finance"
topics: ["Finance & M&A"]
published: 2026-06-12T16:44:00.000Z
modified: 2026-11-01T22:32:14.491Z
image: https://www.entrepreneur.com/wp-content/uploads/sites/2/2026/04/elon-musk-trillionaire-0426-g-2194420805-edit.jpg
---

# Elon Musk Is Now the World’s First Trillionaire After SpaceX’s Record IPO

**TL;DR:** Elon Musk became the world's first trillionaire after SpaceX's $1.77 trillion IPO, with his net worth reaching roughly $1.1 trillion. The IPO valued SpaceX at $1.77 trillion, with Musk owning close to half of the company, a stake now worth more than $900 billion.

*By Jonathan Small, originally published in Entrepreneur Franchise on 2026-06-12. [Read the original](https://www.entrepreneur.com/business-news/elon-musk-just-filed-for-space-x-ipo).*

## Story

The biggest public debut in Wall Street history pushed the world’s richest person across a milestone with 13 digits.

Elon Musk became the world’s first trillionaire on Friday, when shares of his rocket company SpaceX began trading in the largest initial public offering ever, according to the New York Times. The stock priced at $135 and opened at $150 — up 11% — putting his net worth at roughly $1.1 trillion.

The offering valued SpaceX at about $1.77 trillion, up from a $400 billion private valuation just last summer. The company sold more than 555 million shares, making it one of the most valuable companies ever to hit the public markets — and unlocking long-awaited paydays for employees and investors who’d waited more than two decades to cash out. Musk, 54, owns close to half of SpaceX, a stake now worth more than $900 billion.

The numbers are almost impossible to put in human terms. Musk’s fortune now equals more than 3% of U.S. GDP — and roughly five million times the net worth of the typical American household, according to the Times. His wealth has more than quintupled in five and a half years, and has doubled since October alone.

## Entities

- Entrepreneur (publication)
- Finance (sector)
- ipo (topic)
- Jonathan Small (person)
- Elon Musk (person)
- SpaceX (company)
- public markets (topic)
- space technology (topic)
- New York Times (regulator)
- wealth milestone (topic)

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Originally reported by Jonathan Small, Entrepreneur Franchise (https://www.entrepreneur.com/business-news/elon-musk-just-filed-for-space-x-ipo). Summarized by Burnaze (https://burnaze.com/article/89814ed4-39c6-439d-b8f3-75fb39b530f4).