Elon Musk becomes world's first trillionaire after historic IPO

Billionaire entrepreneur Elon Musk has become the world's first trillionaire following the historic stock market debut of his aerospace company, SpaceX.

The landmark achievement comes after SpaceX launched what has been described as the largest initial public offering (IPO) in history, raising approximately $75 billion and achieving a market valuation of about $1.77 trillion.

The listing pushed Musk's estimated net worth beyond the $1 trillion mark, making him the first individual in modern history to attain such wealth.

Government maintains cocoa producer price despite global market decline

Musk's fortune is largely derived from his holdings in SpaceX, as well as stakes in electric vehicle manufacturer Tesla and several other technology ventures.

Reuters reported that his net worth has now risen to more than $1.1 trillion following the public listing of SpaceX.

Founded in 2002, SpaceX has grown from a startup focused on commercial space launches into one of the world's most valuable technology and aerospace companies. The company is known for pioneering reusable rocket technology, operating the Starlink satellite internet network, and partnering with NASA on several space missions.

The company's stock market debut attracted enormous investor interest, with demand reportedly exceeding the number of shares available.

Additionally, investors are betting on the future growth potential of SpaceX's space exploration, satellite communications, artificial intelligence and related technologies.

Musk, who already held the title of the world's richest person before the listing, described SpaceX's long-term mission as making humanity a multi-planetary species, with ambitions to establish human settlements beyond Earth.

Elon Musk has reached trillionaire status with the IPO of his company SpaceX. Bloomberg News ran the numbers — here's what he could theoretically do with all that money https://t.co/zZcmUJ4KZ1 pic.twitter.com/yvep9SNoF2

— Bloomberg (@business) June 12, 2026

BREAKING: Elon Musk becomes world's first dollar trillionaire after SpaceX makes stock market debut

Sky's @PKelso explains ⬇️https://t.co/Y0rLlFlPpN

📺 Sky 501 and YouTube pic.twitter.com/csVvuK22cb

— Sky News (@SkyNews) June 12, 2026

🚨 BREAKING: SpaceX has OFFICIALLY begun trading, immediately ROCKETING up 12%+@ElonMusk created THOUSANDS of new millionaires today, including even CAFETERIA WORKERS at SpaceX

An absolutely incredible story.

LFG $SPCX! 🚀 pic.twitter.com/Elv8NOt4K7

— Nick Sortor (@nicksortor) June 12, 2026