Elon Musk became the world’s first trillionaire on Friday as SpaceX began trading on the Nasdaq following a historic initial public offering that raised $75 billion and valued the company at approximately $1.77 trillion.
Shares of SpaceX opened at $150, pushing the value of Musk’s stake in the aerospace company to more than $766 billion. Combined with his holdings in Tesla, valued at roughly $280 billion, Musk’s net worth reached approximately $1.05 trillion, according to CNBC estimates.
The milestone marks a historic moment for global financial markets and underscores the extraordinary wealth creation generated by technology, artificial intelligence, and space-related businesses over the past decade.
SpaceX’s public debut is widely regarded as one of the most significant events in Wall Street history. The company has transformed the commercial space industry through reusable rocket technology, satellite communications infrastructure, and ambitious long-term plans for deep-space exploration.
Beyond Musk’s personal fortune, the IPO also created thousands of new millionaires and several new billionaires among current and former employees, executives, and early investors who hold equity in the company.
The listing represents a new chapter for the space industry, which has increasingly attracted institutional capital as investors seek exposure to emerging technologies and next-generation infrastructure.
With the Nasdaq listing now underway, SpaceX enters the public markets as one of the largest and most valuable companies ever to go public, cementing its place among the defining corporate stories of the 21st century.
