Elon Musk Becomes World’s First Trillionaire as SpaceX Valuation Hits $2 Trillion
SpaceX valuation reaches $2 trillion in New York trading debut
Elon Musk has become the world’s first trillionaire following the start of SpaceX trading in New York on Friday. Shares of the rocket and artificial intelligence company opened at $150, an 11% increase from the offering price, valuing the firm at approximately $2 trillion.
Musk’s net worth reached approximately $1.05 trillion according to the Bloomberg Billionaires Index. This figure is more than triple the wealth of the world’s second-richest person, Google co-founder Larry Page. Musk previously surpassed the $100 billion threshold in 2020.
The current valuation of Musk’s fortune is approximately equal to the gross domestic product of Switzerland. If his 14 children inherited equal shares of his estate, each would rank as the 29th richest person in the world.
Musk, 54, acquired the social media platform Twitter in 2022 and later renamed it X. He also developed an artificial intelligence chatbot and contributed more than $291 million to federal elections in 2024 to support Donald Trump’s presidential campaign. This expenditure represented less than 0.03% of his current net worth.
SpaceX, officially known as Space Exploration Technologies Corp., was founded in 2002. The company reached a $1 trillion valuation in February following a merger with xAI and X. The combined entity raised $75 billion in an initial public offering and accounts for more than 70% of Musk’s net worth.
Tesla shares have increased by approximately 35,000% since its 2010 initial public offering. Musk remains the largest shareholder of the Austin-based electric vehicle manufacturer. A Delaware judge previously voided a $56 billion Tesla compensation package, but Musk won a legal appeal to retain the original agreement.
Musk’s wealth remains largely held in private company stakes rather than liquid assets. New compensation agreements at Tesla and SpaceX could grant him additional shares worth approximately $1.8 trillion if specific financial and operational targets are met.
