Elon Musk’s net worth is approaching $800 billion ahead of SpaceX’s historic initial public offering, poised to make the world’s wealthiest person even richer and potentially push him past the $1 trillion milestone that no individual has yet reached.
According to CNBC, as of June 3, 2026, Forbes lists Musk’s net worth at $826 billion, far exceeding the second-place wealth holder, Google co-founder Larry Page, who sits below $300 billion. The SpaceX IPO, set to debut on Nasdaq on June 12, 2026, at $135 per share, is targeting a $1.77 trillion valuation and seeking to raise $75 billion—the largest capital raise in IPO history.
Musk owns approximately 42% of SpaceX’s equity, according to the company’s S-1 filing submitted to the SEC in May 2026. At the $1.77 trillion valuation, his stake in the rocket and satellite company is valued at roughly $866 billion. Combined with his approximately $350 billion in Tesla holdings, his total wealth could exceed $1.1 trillion if the IPO prices near its target, according to sources tracking the offering.
The magnitude of SpaceX’s IPO dwarfs all previous records. Saudi Aramco, which held the title of largest IPO in history, raised $25.6 billion when it went public in December 2019 at a $2 trillion valuation. Alibaba, which previously held the record, raised $21.8 billion in its September 2014 IPO. SpaceX’s $75 billion raise is nearly three times larger than Saudi Aramco’s historic 2019 debut.
Musk’s wealth has surged dramatically over the past year. According to multiple sources, his net worth climbed from roughly $400 billion in early 2025 to over $800 billion by January 2026—a doubling of his fortune in just twelve months, driven primarily by Tesla stock gains and SpaceX’s rising valuation ahead of its market debut.
The SpaceX IPO is attracting extraordinary investor demand. SpaceX IPO draws $70B+ in retail orders ahead of record Friday debut, and the overall book of orders has exceeded $250 billion, according to Forbes reporting, indicating that demand far exceeds the shares available. The company is selling 555.6 million shares at the $135 price point.
If Musk crosses the $1 trillion threshold, he would become the world’s first trillionaire—a milestone that would place his personal wealth above the annual GDP of most nations. His voting control of SpaceX after the offering will remain north of 82% through the company’s dual-class share structure, allowing him to maintain operational control despite holding a smaller percentage of total equity.
Sources
- CNBC — Musk’s net worth at $826 billion as of June 3, 2026, and his SpaceX stake valued at over $866 billion at the IPO price
- Reuters — SpaceX IPO pricing at $135 per share targeting $1.75 trillion valuation and $75 billion raise
- The New York Times — SpaceX IPO valuation of $1.77 trillion and comparison to Saudi Aramco’s 2019 debut
- Forbes — SpaceX’s $75 billion IPO attracting $250 billion in investor orders
- CNBC — Musk’s 42% equity stake in SpaceX and post-IPO voting control of 82%+
- Investopedia — Saudi Aramco’s $25.6 billion IPO in December 2019 as previous record; Alibaba’s $21.8 billion IPO in September 2014
