Elon Musk Becomes the World's First Trillionaire with SpaceX IPO

Elon Musk has made history by becoming the world's first trillionaire, thanks to SpaceX's record-breaking IPO that raised $75 billion. This significant event not only elevates SpaceX's valuation to $1.77 trillion but also highlights the growing investor interest in Musk's ventures. Industry experts discuss the potential of SpaceX as an AI company and the transformative impact of future projects like space-based data centers. With this achievement, Musk surpasses his previous wealth estimates and sets a new standard in the business world.

By Narendra Chaudhary Jun 12, 2026, 09:30 IST

Historic Milestone for SpaceX and Elon Musk

Elon Musk has officially become the first trillionaire globally, following the remarkable $75 billion raised during the SpaceX IPO. This event highlights the immense anticipation surrounding SpaceX's public offering, with shares priced at $135 each, propelling the company's valuation to approximately $1.77 trillion. This groundbreaking achievement solidifies SpaceX's position as one of the most valuable enterprises worldwide and marks a historic moment for Musk.

Mark Klein, the CEO of Suro Capital, remarked to a news outlet, "The IPO wave, which seems to be evolving into a rush, has been anticipated for some time. There were hints of it as early as last year, but it didn't fully develop into a widespread trend. SpaceX is set to lead the way." Meanwhile, Nancy Tengler, CEO and Chief Investment Officer of Laffer Tengler Investments, noted, "From our viewpoint, it is undoubtedly an AI-focused company. We are particularly interested in the potential advantages, scalability, and cost efficiencies that could arise from establishing data centers in space and achieving full reusability of the Starship. Although they project this for the latter half of 2026, it would be transformative in our opinion."

SpaceX, a vast entity involved in rockets, satellites, and AI, alongside electric vehicle manufacturer Tesla, forms the core of Musk's business empire. The unprecedented success of the SpaceX IPO underscores the significant investor enthusiasm that Musk's ventures have attracted. Prior to this IPO triumph, Musk's wealth was estimated at around $780 billion. Now, with this historic milestone, he has not only surpassed his previous achievements but has also set a new benchmark in history as the world's first trillionaire, outpacing Alphabet co-founder Larry Page.