RismadarVoice Reporters, June 12, 2026
Tech entrepreneur and SpaceX Chief Executive Officer, Elon Musk has become the first individual in history to attain a net worth of more than $1 trillion following the highly successful public listing of his aerospace company.
The historic milestone was achieved on Friday after SpaceX launched its initial public offering (IPO), with shares priced at $135 each. Strong investor demand quickly drove the stock higher, with shares rising to around $165 shortly after trading commenced on the Nasdaq exchange under the ticker symbol “SPCX.”
The sharp increase in the company’s share price pushed SpaceX’s market valuation beyond $2 trillion, significantly boosting Musk’s personal wealth and elevating his estimated net worth above the trillion-dollar mark.
Before the stock market debut, Musk was already regarded as the world’s wealthiest individual, with an estimated fortune of approximately $813 billion. The latest surge in SpaceX’s valuation further widened the gap between him and other leading billionaires.
Musk’s wealth now surpasses the combined fortunes of several of the world’s most prominent business figures, including Google co-founders Larry Page and Sergey Brin, as well as Oracle founder Larry Ellison.
With its new valuation, SpaceX has joined the ranks of the largest publicly traded corporations in the United States, placing it among a select group of technology and innovation giants.
Beyond its space exploration operations, SpaceX oversees several high-profile ventures, including Starlink, the rapidly expanding satellite internet service, and xAI, Musk’s artificial intelligence company responsible for developing the Grok chatbot.
