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Elon Musk became the first human in documented history to amass a fortune exceeding one trillion dollars, an unprecedented milestone in global finance driven by the initial public offering of SpaceX on the Nasdaq, regarded as the largest IPO in history.
SpaceX made its debut today on Nasdaq under the ticker SPCX with an IPO price set at 135 dollars per share, which gave the company an initial market capitalization of between 1.75 and 1.8 trillion dollars.
During the session, the stocks reached 150 dollars, raising the company's intraday valuation to nearly 1.96 trillion dollars.
Musk owns approximately 4.8 billion shares of SpaceX, equivalent to 42% of the company. At the IPO price, his stake was valued at $648 billion, adding a total of $192.3 billion to his net worth.
Forbes estimated his total fortune at approximately $1.005 trillion at the opening price, and around $1.18 trillion at the intraday high, combining his stake in SpaceX with his assets in Tesla and other companies.
Bloomberg, using a different methodology, estimated its net worth at around $971 billion prior to the stock market debut.
The IPO aimed to raise 75 billion dollars through the placement of approximately 555.6 million shares. Investor demand prior to the debut exceeded 250 billion dollars, making it the most oversubscribed offering in history.
The documents submitted to the U.S. Securities and Exchange Commission revealed that SpaceX reported revenues of $18.67 billion in 2025 with a net loss of $4.9 billion, reflecting the enormous investments in space infrastructure and the Starship program.
In the first quarter of 2026, the company generated revenues of 4.7 billion dollars with losses of 4.3 billion.
The magnitude of the milestone was emphasized by Oxfam, which noted that Musk's wealth surpasses the combined wealth of the poorest 46% of the global population, approximately 3.8 billion people, and that his net worth grew by more than one million dollars per minute over the past year.
Musk's fortune also exceeds the combined wealth of Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Warren Buffett.
SpaceX was founded by Musk in 2002 and remained a private company for over two decades, funding itself through private rounds that led to valuations in the hundreds of billions of dollars before its historic stock market debut today.
During the listing event on Nasdaq, Musk spoke words that encapsulated the vision that has guided his company: "I always think about this. There are always problems on Earth, there are always things we want to improve, things we want to solve, and we must resolve them."
"But there also have to be things that excite you about the future, that make you happy to wake up in the morning because you can't wait to see what happens next. That is the future SpaceX wants to bring to you."
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