Elon Musk became the world’s first trillionaire after SpaceX completed the largest initial public offering in history on June 12, 2026, raising $75 billion and valuing the rocket and satellite company at $1.77 trillion.
The company priced its IPO at $135 per share, selling 555.6 million shares to institutional and retail investors. When SpaceX shares opened for trading on the Nasdaq under the ticker SPCX, they jumped to $150—an 11% gain above the offering price—before climbing further to $160 and beyond as trading progressed.
At the opening price of $150, Musk’s stake in SpaceX, combined with his Tesla holdings, pushed his total net worth past $1 trillion for the first time in human history. Musk had entered June with a net worth around $835 billion, making him already the richest person on Earth by a wide margin. The SpaceX IPO added roughly $200 billion to his fortune in a single trading session.
The IPO shattered the previous record for largest public offering. Saudi Aramco’s 2019 listing had raised $25.6 billion, making SpaceX’s debut nearly three times larger in absolute dollars raised and vastly larger by valuation. The company sold all 555.6 million shares it offered, according to Reuters and Bloomberg, demonstrating extraordinary demand from investors.
SpaceX’s valuation at $1.77 trillion places it among the world’s most valuable companies, surpassed only by a handful of tech giants like Nvidia. The offering drew more than $250 billion in investor orders for a $75 billion deal, according to reports from multiple outlets, reflecting intense appetite for exposure to Musk’s space, satellite, and artificial intelligence holdings. The IPO was oversubscribed more than four times, with retail investors alone submitting over $70 billion in orders.
Musk retains approximately 84.4% of SpaceX’s voting power through a dual-class share structure, according to company filings, giving him effective control of the business despite the public offering. His stake in SpaceX—valued at roughly $866 billion at the opening price—now represents the bulk of his wealth, with Tesla shares making up the remainder.
The trillionaire milestone remains largely dependent on SpaceX maintaining its valuation. Stock price fluctuations could alter the calculation, and wealth figures from different tracking systems vary slightly. However, major financial indices and publications including Forbes, the New York Times, and Reuters all confirmed the historic achievement as trading began.
Sources
- Reuters — SpaceX IPO pricing at $135 per share, $75 billion raise, $1.77 trillion valuation; Musk’s SpaceX stake valuation; trillionaire status confirmation
- Bloomberg — IPO pricing and valuation details; largest IPO confirmation
- The New York Times — Trading opening at $150; Musk’s trillionaire status; net worth details
- Financial Times — IPO pricing and share details; $75 billion raise confirmation
- CNBC — IPO details; largest IPO in history confirmation; trading updates
- BBC — Opening price of $150; trading debut details
- Fortune — Stock price movement to $162; trillionaire status confirmation
- TechCrunch — Musk’s SpaceX stake valuation at IPO price
- Wikipedia — Trillionaire milestone confirmation for June 12, 2026
- South China Morning Post — Opening price and net worth details
