World’s richest man, Elon Musk on Friday made history as the first trillionaire in the world.
Musk became the World’s first trillionaire after one of his companies, SpaceX IPO, which propelled his net worth beyond the $1 trillion mark, cementing his status as the wealthiest individual in history.
SpaceX’s highly anticipated public debut on the Nasdaq, trading under the ticker SPCX, valued the company at approximately $1.77–1.8 trillion.
With Musk’s significant ownership stake—estimated at around 42%—his holdings in the rocket and satellite giant alone contributed nearly $870 billion. Combined with his substantial Tesla equity and other ventures like xAI, this pushed his total net worth to an estimated $1.1 trillion.
Elon Musk became the world’s first trillionaire through a combination of visionary companies that have redefined industries.
SpaceX has revolutionized space travel with reusable rockets and expanded global internet access via Starlink, while Tesla accelerated the electric vehicle revolution and autonomous driving technology.
Reaching trillionaire status is unprecedented. For context, Musk’s fortune now surpasses the GDP of most countries and exceeds the combined wealth of billions of people worldwide. Analysts note that his wealth growth has been meteoric: from hundreds of billions in recent years to this new milestone in a single trading day surge.
Musk’s net worth now exceeds the combined wealth of the next three names on the Bloomberg Billionaires Index: Google co-founders Larry Page and Sergey Brin, and Oracle founder Larry Ellison.
At its current valuation, SpaceX ranks as the sixth-largest publicly traded company in the United States, behind only Nvidia, Alphabet, Apple, Microsoft, and Amazon.
SpaceX is the parent company of Starlink, the satellite internet service, which is profitable and growing, as well as xAI, Musk’s artificial intelligence company that operates the Grok chatbot.
