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NEW YORK, June 13, 2026 — Elon Musk has become the world’s first trillionaire after SpaceX’s blockbuster stock market debut sent the company’s valuation above $2 trillion.
SpaceX, formally known as Space Exploration Technologies Corp., began trading on Nasdaq under the ticker SPCX in one of the most closely watched initial public offerings in market history. Shares opened at $150 and later traded above $160, pushing the rocket and satellite company’s market value to roughly $2.1 trillion.
The sharp rise lifted Musk’s estimated paper fortune beyond the $1 trillion mark, driven mainly by his large SpaceX stake. His wealth also remains tied to Tesla and other ventures, but the SpaceX listing has now become the biggest single driver of his latest financial milestone.
The IPO attracted heavy demand from institutional and retail investors, reflecting strong market confidence in SpaceX’s launch business, Starlink satellite internet network and long-term space technology ambitions. The company’s public debut also makes SpaceX one of the most valuable listed companies in the world.
Musk founded SpaceX in 2002 with the goal of reducing launch costs and eventually supporting human missions beyond Earth. Since then, the company has become a major player in commercial space launches, government contracts, satellite broadband and reusable rocket technology.
The listing also created major gains for early investors and employees who received equity before the company went public. For many market watchers, the IPO marks a turning point for the private space industry, bringing one of the world’s most influential technology companies into public markets.
However, analysts have also warned that SpaceX’s valuation leaves little room for error. Concerns remain over future profitability, regulatory scrutiny, launch risks and the level of voting control still held by Musk.
The trillionaire milestone is expected to intensify debate over wealth concentration, taxation and the growing influence of technology founders. It also underlines how fast investor enthusiasm for space, artificial intelligence and advanced infrastructure has reshaped global markets.
For now, SpaceX’s IPO has given Wall Street a new mega-cap technology stock and placed Musk in a financial category no individual had previously reached.
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