Elon Musk officially crossed into trillionaire territory on June 11, 2026, after SpaceX completed what became the world’s biggest IPO. The company priced shares at $135 each before the opening bell, then surged 23 percent in its Nasdaq debut. Shares opened at $150 and traded near $166, pushing SpaceX’s valuation past $2 trillion and making it the sixth-largest US company.
Forbes reported Musk’s net worth at $1.1 trillion by midday Friday. The jump came almost entirely from his stake in SpaceX, which sits alongside Tesla at the center of his business empire. He also owns major positions in satellite internet and artificial intelligence ventures tied to SpaceX.
“Before the share offering, Forbes estimated Musk’s net worth at around USD 780 billion, placing him comfortably ahead of the second-richest individual, Alphabet co-founder Larry Page,” Reuters noted. Matt Durot, deputy editor at Forbes Wealth, put the scale in context: “The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow. And only one other person, Oracle founder Larry Ellison, has ever been worth USD 400 billion.”
The Bloomberg Billionaires Index had Musk at $971 billion at the time of reporting. That figure still put him far ahead of Google co-founders Larry Page at $304 billion and Sergey Brin at $283 billion, plus Amazon’s Jeff Bezos at $262 billion combined.
The milestone sparked fresh debate on wealth concentration. Oxfam America’s senior director of economic justice Nabil Ahmed called it a new high point. “Elon Musk’s rise to trillionaire status marks a new pinnacle of oligarchy,” Ahmed said.
For SpaceX employees the IPO was a windfall too. The New York Times reported that about 4,400 workers could become millionaires once trading settled. Musk remains the biggest winner due to his controlling ownership.
A trillion dollars is rarely seen in personal wealth. World Bank data shows only 19 countries have gross domestic products above $1 trillion, including the US and Netherlands. Musk’s paper net worth now rivals the economic output of entire nations.
His net worth remains tied to SpaceX’s share price. If the stock climbs above the IPO price he gains more, but a pullback could drop him below $1 trillion again.
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