Elon Musk becomes world’s first trillionaire after SpaceX IPO valuation hits $1.77 trillion

Elon Musk has officially become the world’s first trillionaire after his space company SpaceX went public in a landmark initial public offering that dramatically increased the value of his holdings.

On Friday, June 12, SpaceX debuted at a valuation of approximately $1.77 trillion, with shares priced at $135 each, according to reports from CBS News, Forbes and the Associated Press.

The milestone pushed Musk’s estimated net worth—previously around $813 billion—past the trillion-dollar mark.

The IPO marks one of the most significant public offerings in recent years and underscores the explosive growth of SpaceX, which has become central to commercial spaceflight, satellite deployment, and future interplanetary ambitions.

Musk, 54, holds a substantial stake in the company, including roughly 4.8 million shares of common stock and 350 million stock options, which together are estimated to be worth hundreds of billions of dollars.

When combined with his holdings in companies such as Tesla and other ventures, the surge in SpaceX’s valuation was enough to push his overall fortune beyond the trillion-dollar threshold.

Despite the public listing, Musk is expected to retain significant control over SpaceX.

Reports indicate he holds approximately 82.4% voting power through Class B shares, maintaining strong influence over company decisions in his roles as CEO, chief technical officer and chairman.

SpaceX also shared a post on X confirming the IPO pricing at $135 per share, which Musk later reshared, signaling investor readiness for the public launch.

While Musk’s wealth milestone dominated headlines, the IPO also created new fortunes for long-time employees.

One early employee, Trevor Hise, who joined SpaceX when it was still a little-known startup, told The New York Times he accumulated more than 100,000 shares over his 12-year tenure, now valued at over $13.5 million.

The company’s public debut comes amid broader momentum in the artificial intelligence and space sectors.

SpaceX recently acquired Musk’s AI company xAI, positioning it alongside other major players expected to pursue public listings in 2026, including OpenAI and Anthropic.

The IPO cements SpaceX not only as a dominant force in aerospace but also as a key driver in reshaping global technology markets—and places Musk at the center of a historic financial milestone.