With the debut of SPCX, Elon Musk’s 4.8 billion shares are enough to push his wealth beyond $1.1 trillion, as noted on Forbes’ “definitive, minute-by-minute guide to every billionaire around the globe.” [Image: https://platform.theverge.com/wp-content/uploads/sites/2/2026/06/Clipboard_06-12-2026_01.jpg?quality=90&strip=all]

Elon Musk just became the world’s first trillionaire thanks to the record-breaking IPO, which also minted a new billionaire and boosted the fortunes of many others.

Elon Musk is on the verge of becoming a trillionaire thanks to the record-breaking IPO price, which also minted a new billionaire and boosted the fortunes of many others.

SpaceX IPO highlights Elon Musk’s influence on markets, driving the “Elon premium” as investors bet on Tesla, SpaceX and his trillion-dollar empire.

The worlds richest man has a new fancy title