Elon Musk's net worth soared to $1.3 trillion after SpaceX shares surged 20% post-IPO, solidifying his status as the world's richest individual.
Musk's massive fortune is largely tied to his holdings in SpaceX
Jun 16, 2026
11:20 am
What's the storyElon Musk's net worth has skyrocketed to a record-breaking $1.3 trillion after SpaceX shares surged nearly 20% in the company's first full trading session post its blockbuster initial public offering (IPO).
The surge in SpaceX shares further solidified Musk's position as the world's richest person.
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Based on SpaceX's updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion.
The world’s richest person became the first trillionaire after SpaceX’s trading debut.
SpaceX's IPO has been priced at $135 per share, valuing the company at around $1.8 trillion and adding an estimated $188 billion…
