Elon Musk became the first person in history to have a net worth of more than $1 trillion. This historic milestone was achieved through the initial public offering of his company, SpaceX. The IPO, which was held on June 11, 2026 at a price of $135 per share, was the largest in history: the company managed to raise around $75 billion and its market valuation reached $1.75-1.77 trillion. Trading of paper under the SPCX tiker started on 12 June.

Musk’s fortunes are derived from his stake in SpaceX, assets in Tesla, and other related companies, which have now reached the trillion-dollar threshold since the space giant’s public debut. In preparation for the IPO, SpaceX launched a separate platform spacexipo com with an emphasis on missions to conquer other planets, develop the global Starlink and integrate artificial intelligence technologies.

The successful deployment not only changed the balance of power among the richest people on the planet, but also placed SpaceX in line with the world’s largest public corporations. The further dynamics of Musk’s condition and the value of SPCX shares will now depend on how the stock market perceives the new public company in upcoming trading sessions.