There are rich people, there are billionaires, and then there’s whatever category Elon Musk just invented. The SpaceX founder officially became the world’s first trillionaire after his rocket company debuted on Nasdaq on June 12, with a post-IPO valuation of roughly $1.75 to $1.78 trillion.
The IPO raised $75 billion at $135 per share, making it the largest public offering in history. For context, Saudi Aramco’s 2019 IPO, previously the record holder, raised about $25.6 billion. SpaceX tripled that figure without breaking a sweat.
The numbers behind the milestone
Musk’s net worth now sits at approximately $1 trillion, driven primarily by his majority ownership stake in SpaceX. The company’s public market valuation blew past its earlier private estimate of around $1.25 trillion, adding hundreds of billions in a single trading session.
Trading under the ticker SPCX on Nasdaq, SpaceX’s debut wasn’t exactly a surprise to anyone paying attention. Market speculation had assigned greater than 90% odds that Musk would reach trillionaire status before 2027. He got there with about six months to spare.
