Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

Elon Musk became the world’s first trillionaire on 12/06/2026 after SpaceX completed a record-setting initial public offering on Nasdaq. SpaceX raised about $75 billion in the IPO, with shares priced at $135 and closing their first trading day at $160.95, up about 19%. The debut valued SpaceX above $2 trillion and made it the largest IPO in history. The listing pushed Musk’s estimated net worth to roughly $1.1 trillion, according to Forbes figures cited by AP and Reuters. Reuters reported that the SpaceX share sale placed Musk far ahead of the next person on global wealth rankings, Alphabet co-founder Larry Page. SpaceX’s public debut reflected investor demand for its rocket launch, Starlink satellite internet, defense, and space infrastructure businesses. The company listed under the ticker SPCX, and more than 555 million shares were sold at the offer price. Why This Moment Matters: The SpaceX IPO turned a private aerospace company into one of the world’s most valuable public corporations and made Musk the first person publicly estimated to cross the trillion-dollar wealth mark. #ElonMusk #SpaceX #IPO #Nasdaq #Trillionaire #Starlink #BusinessHistory