June 12, 2026
Elon Musk
Elon Musk has become the first person in history to surpass the $1 trillion net worth mark, at least on paper, after SpaceX priced its highly anticipated initial public offering (IPO) at $135 per share.
Prior to the IPO, Musk’s fortune was estimated at $813 billion, already making him the world’s wealthiest individual by a considerable margin. According to Forbes, his wealth was more than double that of the second-richest person, Google co-founder Larry Page, whose net worth stands at an estimated $288 billion.
The formal pricing of SpaceX shares at $135 each pushed Musk’s net worth to just over $1 trillion. The stock, which will trade under the ticker symbol “SPCX,” is expected to begin trading on Friday when the Nasdaq Composite opens at 9:30 a.m.
