SpaceX listing propels Elon Musk to historic trillionaire status

Elon Musk has become the world’s first trillionaire, with his net worth estimated at approximately $1.05 trillion as of Friday, 12 June 2026. This milestone follows the commencement of trading for SpaceX on the Nasdaq stock exchange, where the company’s shares began under the ticker symbol SPCX.

The aerospace firm’s initial public offering was priced at $135 per share, raising approximately $75 billion in capital. At the offer price, Musk’s stake in SpaceX was valued at roughly $860 billion. However, as reported by CNBC, his stake is now valued at more than $766 billion, with the remainder of his net worth derived from his holdings in Tesla.

Shares opened at $150 on Friday, representing a 6.6 per cent increase from the offer price. The listing valued SpaceX at around $1.77 trillion, marking the largest initial public offering in history. Musk’s paper wealth continued to climb during early trading, further solidifying his position at the top of global wealth rankings.

The market activity occurred against a backdrop of shifting geopolitical dynamics. US and Iranian officials indicated progress toward an interim peace deal aimed at reopening the Strait of Hormuz. This development contributed to a fall in oil prices and a rise in US stock markets, providing a supportive environment for the historic listing.

While the trillionaire status is significant, the figures remain subject to market fluctuations. The valuation of Musk’s SpaceX stake and his overall net worth are dynamic, relying on the performance of SPCX shares and his Tesla holdings. The listing underscores the scale of capital markets in valuing private aerospace ventures, with the $75 billion raise highlighting investor appetite for the sector.