Elon Musk became the world’s first trillionaire following the initial public offering (IPO) of SpaceX, which debuted on the Nasdaq on Friday, June 12, 2026. The rocket, telecommunications, and artificial intelligence company raised $75 billion from investors, marking what is expected to be the highest-value stock listing in history. While the shares were priced at $135 each, they opened at $150 and reached as high as $176.50 during trading before closing at approximately $161. The surge in share price boosted Musk’s net worth to approximately $1.1 trillion, according to various reports. Forbes estimated his net worth at $1.1 trillion, while Bloomberg placed it at $1.11 trillion. These figures are based on his 42% ownership stake in SpaceX, his stock options, and his holdings in Tesla. Musk’s wealth is currently tied to these stockholdings, and he is unable to sell any SpaceX stock for at least one year. SpaceX’s public listing is viewed as a test case for other private companies with high valuations, such as Anthropic and OpenAI, which are also expected to go public this year. Despite becoming a public company, Musk will maintain roughly 40% of SpaceX’s total equity and more than 84% of its voting power. This level of control allows him to make unilateral decisions regarding business deals and compensation. However, some pension fund officials have expressed concern over this concentration of power and the inclusion of “super voting shares.” The IPO is expected to make more than 4,400 SpaceX employees millionaires. Musk stated the company needs the capital to fund ambitions of establishing a “lunar economy,” putting satellites and data centers in space, and eventually creating a colony on Mars. While some analysts at Morningstar labeled the IPO “significantly overvalued” due to unproven technology and a lack of profitability, other investors expressed enthusiasm for Musk’s long-term vision.