Elon Musk just crossed a threshold that no human has reached before. SpaceX’s blockbuster public debut on June 12 pushed his net worth past $1 trillion, making him the world’s first trillionaire on paper.
The IPO, priced at $135 per share, raised $75 billion, making it the largest initial public offering in history. Shares opened at roughly $150, an 11% jump out of the gate, then climbed to an intraday high near $175 before settling at $161 by market close. That closing price reflected a roughly 19% gain from the offering price, valuing SpaceX at more than $2 trillion.
How Musk’s stake got him to thirteen figures
Musk holds approximately 42% of SpaceX. When the company’s market cap blew past $2 trillion, his stake alone cleared the $1 trillion line.
To put that in perspective, $1 trillion is roughly the annual GDP of the Netherlands. One person’s equity position in a single company now rivals the economic output of a top-20 global economy.
