SpaceX IPO makes Elon Musk the world's first trillionaire

Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has ​made him the world's first trillionaire.

Musk has managed to retain a loyal following despite his stratospheric net worth ‌and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses.

While admirers view Musk's no-filter style as part of his appeal, critics have accused him of wielding oligarch-like power, raised concerns about governance at his companies and objected to his increasingly partisan political interventions.

Still, SpaceX, the sprawling rocket, satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial public offering on Thursday, highlighting investor enthusiasm for his business ventures. Prior to the share sale, Forbes pegged his net ​worth at roughly $780 billion, far ahead of the man next in line, Alphabet co-founder Larry Page.

"The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth ​tomorrow," said Matt Durot, deputy editor at Forbes Wealth.

Most of Musk's wealth now rests with SpaceX, where ⁠he holds a stake worth roughly $866 billion. Along with Tesla and the rest of his properties, his net worth will exceed $1.1 trillion when the stock begins trading Friday, according to Reuters calculations based on company filings. The tally includes ​stock components that would vest over time.

Musk became a household name through Tesla and SpaceX before expanding his influence with the $44-billion acquisition of social media platform Twitter in 2022.

His move into politics, particularly his role in U.S. President Donald Trump's Department of Government Efficiency last year, has been among his most contentious ventures. The political fallout coincided with weakening Tesla sales in several international markets in 2025 as protests and consumer boycotts targeted the electric vehicle maker.

-Reuters