Elon Musk becomes the world's first trillionaire after SpaceX's record stock debut

MercoPress. South Atlantic News Agency

Saturday, June 13th 2026 - 07:09 UTC

SpaceX shares began trading on the Nasdaq, under the ticker “SPCX,” at $150, above the $135 listing price

Technology magnate Elon Musk became the world's first trillionaire on Friday, after his aerospace company SpaceX made its stock-market debut. Following the IPO, which raised a record roughly $75 billion and valued the company at about $1.77 trillion, the net worth of the owner of Tesla, the social network X and Neuralink stood at around $1.1 trillion.

SpaceX shares began trading on the Nasdaq, under the ticker “SPCX,” at $150, above the $135 listing price. With that, Musk came to be worth more than the next five billionaires on the list combined; the second, Google co-founder Larry Page, stands at about $290 billion, according to Forbes. It is, however, wealth “on paper”: most of it is in shares rather than cash, so while Musk can borrow against his holdings, a large-scale sale could sink the value of his companies.