SpaceX IPO Makes Elon Musk the World’s First Trillionaire, Report Says

Elon Musk has reportedly become the world’s first-ever trillionaire following SpaceX’s historic initial public offering (IPO), according to a report by ABC News.

The aerospace company began trading publicly on Friday at a valuation of nearly $2 trillion, marking what analysts describe as the largest IPO in history. Musk, who is the founder and CEO of SpaceX, owns roughly 40% of the company, significantly increasing his paper wealth as shares entered the public market.

Before the listing, Musk’s net worth was estimated at around $780 billion, according to Forbes. Following the IPO, his wealth surged further, placing him well ahead of other global billionaires. Google co-founder Larry Page, the second-wealthiest individual, is estimated to have a net worth of $291 billion.

SpaceX develops and operates spacecraft and satellite systems, including its Starlink internet service, which serves millions of users worldwide. The company also recently merged with xAI, Musk’s artificial intelligence venture behind the chatbot Grok.

Financial filings show SpaceX generated $18.7 billion in revenue in 2025, a 33% increase from the previous year. However, the company still reported a net loss of $4.9 billion, reflecting heavy investment in expansion and future projects.

The IPO price was initially targeted at $135 per share, implying a valuation of around $1.75 trillion, but strong market demand pushed its value even higher at launch.

Experts say Musk’s massive wealth is largely tied to the performance of his holdings in SpaceX and Tesla, making his net worth highly dependent on stock market fluctuations.

Analysts are divided on SpaceX’s long-term valuation, with some praising its dominance in aerospace and satellite communications, while others question the profitability of its long-term space infrastructure ambitions.

Despite the surge in paper wealth, Musk will not be able to sell his SpaceX shares for at least one year following the IPO, according to regulatory filings. Any future sale could reduce his ownership stake and voting control in the company.

Observers note that Musk’s wealth continues to be driven by high-risk, high-growth ventures. Tesla shareholders have also previously approved compensation packages that could eventually push his net worth beyond $1 trillion in additional gains, depending on performance targets.

While the figures place Musk at unprecedented levels of wealth, analysts caution that much of it remains tied to volatile stock valuations rather than liquid assets.