There’s a new comma in the world’s richest person’s net worth. Elon Musk crossed the $1 trillion threshold after SpaceX shares surged on their first day of public trading, making him the first human being to hold a 13-figure fortune, at least on paper.
SpaceX priced its IPO at $135 per share on June 12, 2026, selling 555.6 million shares on the Nasdaq under the ticker SPCX. The offering raised $75 billion, an amount so large it makes Saudi Aramco’s previous record-setting IPO look quaint by comparison.
The biggest debut in stock market history
SpaceX’s post-IPO valuation landed at approximately $1.77 trillion, instantly vaulting it into the upper tier of the world’s most valuable publicly traded companies.
Musk retains 84.4% of the company’s voting power. The $75 billion raise suggests demand was overwhelming, with institutional money pouring in despite a detail that might give more cautious investors pause: SpaceX reported operational losses of $8.7 billion heading into the offering.
