Elon Musk Becomes the World’s First Trillionaire as SpaceX IPO Prices at $135, Valuing the Company at $1.77T

No individual has ever been worth $1 trillion. Until today. SpaceX (SPCX) priced its IPO at $135 per share on June 11, 2026, for a valuation of approximately $1.77 trillion, making it the largest initial public offering in financial history and pushing Elon Musk’s paper net worth past the trillion-dollar threshold for the first time. Forbes’ real-time billionaire tracker placed Musk’s net worth at approximately $788.8 billion immediately before the IPO, already the widest lead any individual has held over the world’s second-richest person. Larry Page ranks second globally at approximately $300–$334 billion, followed by Sergey Brin at approximately $285 billion, meaning Elon Musk’s wealth exceeds the combined net worth of the next two richest people on Earth.

Musk’s Stake: The Number That Creates a Trillionaire

The math behind the milestone is straightforward and staggering.

• SpaceX’s updated IPO prospectus confirms Musk’s stake in SpaceX is worth $866.5 billion on paper at the $135 per share offer price.
• Musk’s voting control of SpaceX after the offering will be north of 82%, and he is required to hold all of his shares for one year following the IPO.
• His Tesla (NASDAQ: TSLA) stock and options are worth approximately $455 billion combined, a separate pool of wealth that exists entirely independently of SpaceX.
• Musk’s wealth at $852 billion already accounted for approximately 2.7% of US GDP before today, a concentration of individual wealth comparable only to John D. Rockefeller at his 1913 peak.
• SpaceX has linked Musk’s future compensation to two milestones: achieving a $7.5 trillion market cap and colonizing Mars with at least 1 million inhabitants.

SpaceX’s Three Business Lines — What the $1.77T Is Built On

Revenue Is Real. Losses Are Real Too.

New Street Research analyst Pierre Ferragu sets an initial SpaceX price target of $165, a 22% premium to the IPO price, based on a sum-of-the-parts valuation projecting $195.3 billion in 2030 revenue: $9.7 billion from Space, $57.9 billion from Connectivity, and $127.7 billion from AI. That is a 60% compounded annual growth rate from 2025 to 2030.

The bull case goes further. Ferragu’s upside scenario places a $330 price target on SpaceX, a valuation of approximately $2.3 trillion based on 45x 2030 EBIT and 15x 2030 sales, consistent with high-growth peers such as Tesla (TSLA), Palantir (PLTR), Cloudflare (NET), and Anduril.

The IPO That Rewrites the Record Books

For Elon Musk, the SpaceX IPO arrives exactly 16 years after he took Tesla public, completing a rare double that no founder-CEO in history has replicated at this scale. The offering surpasses Saudi Aramco’s $29 billion debut in 2019 as the single largest IPO in history, raising $75 billion at the $135 fixed offer price.

Polymarket traders assigned 72% odds to Musk becoming a trillionaire before 2027 and 86% odds to the SpaceX IPO completing before that same date, both bets now resolved in a single session. Beyond SpaceX, Musk owns approximately 50% of xAI, the AI company formed from the merger of X and xAI, valued at $250 billion at the time of the merger, completed on February 2, 2026.

Final Thoughts

SpaceX’s prospectus states plainly: “We believe that Mr. Musk’s substantial ownership interest in us provides him with an economic incentive to assist us to be successful.” That is an understatement measured in hundreds of billions of dollars. Elon Musk now holds a personal fortune that is structurally larger than the GDP of countries including the Netherlands, Saudi Arabia, and Switzerland. The question June 12 trading will begin answering is not whether Musk is a trillionaire; it is whether $1.77 trillion is where SpaceX’s market value stabilizes, rises, or corrects. The opening print on Nasdaq under the ticker SPCX will be the first real answer.

Disclaimer

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.