Elon Musk becomes world’s first trillionaire as SpaceX goes public in $1.77 trillion IPO

Elon Musk has become the world’s first trillionaire after SpaceX went public on Friday with a valuation of approximately $1.77 trillion in a landmark IPO in the United States, pushing his net worth beyond the $1 trillion mark.

The SpaceX IPO, priced at $135 per share, marks one of the largest public listings in history and significantly increases the value of Musk’s stake in the aerospace company, which was previously estimated at around $813 billion, as per People.

The company shared on X that “teams are go for launch with a $135 price per share for the SpaceX IPO,” confirming investor access to the newly listed stock.

SpaceX’s public debut has turned Musk’s long-held private holdings into liquid market value, making him the first individual in history to reach trillionaire status.

Musk’s SpaceX Holdings Drive Wealth Surge

Musk’s wealth surge is primarily driven by his ownership in SpaceX, where he holds approximately 4.8 million shares of common stock and 350 million stock options. These holdings are now estimated to be worth around $688 billion.

When combined with his stakes in Tesla and other ventures, the IPO-driven valuation increase has pushed his total net worth past $1 trillion, according to financial estimates reported by Forbes.

Despite the public listing, Musk is expected to retain significant control of SpaceX through Class B shares, giving him around 82.4% voting power in the company.

IPO Marks Major Milestone for SpaceX Investors

The IPO also creates significant wealth for long-term employees and early investors. One example is Trevor Hise, who joined SpaceX shortly after graduating in 2011 and accumulated over 100,000 shares during his tenure.

His stake is now valued at a minimum of $13.5 million following the company’s public listing, according to The New York Times.

SpaceX Expands into AI and Future Tech

SpaceX’s IPO comes amid broader expansion into artificial intelligence and advanced infrastructure. The company acquired Musk’s AI firm xAI earlier this year, positioning itself within a growing ecosystem of AI-focused ventures preparing for public listings.

Other AI companies, including OpenAI and Anthropic, are also reportedly preparing for potential IPOs, highlighting a broader trend of major tech listings expected in 2026.