Elon Musk is now worth $1.1 trillion on paper. The catalyst: SpaceX completed its initial public offering on June 12, pricing shares at $135 each and raising $75 billion in the process. That makes it the largest IPO in recorded history, and it pushed the rocket company’s valuation to approximately $1.77 trillion.
The numbers behind the trillionaire milestone
Musk’s SpaceX stake is valued at around $866.5 billion post-IPO, based on SEC filings. Stack that on top of approximately $286 billion in Tesla shares, and you get the first human being to cross the trillion-dollar net worth line.
Before the IPO, estimates of Musk’s total wealth ranged from $722 billion to $826 billion. The offering added somewhere between $274 billion and $378 billion to his paper fortune in a single day.
Trading kicked off on Nasdaq under the ticker SPCX. The listing marks the end of more than 20 years of private operations for SpaceX, a stretch during which the company built reusable rockets, launched thousands of Starlink satellites, and became NASA’s go-to ride to the International Space Station.
