Daniel Kreps
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SpaceX founder and CEO Elon Musk speaks via video at the Nasdaq Marketsite in Times Square on June 12, 2026. Spencer Platt/Getty Images Elon Musk is poised to become the world’s first trillionaire as SpaceX’s IPO opened on Wall Street with a higher-than-anticipated share price.
SpaceX’s soaring stock price — $169 at press time after opening at $150 — helped propel its CEO, already the world’s richest man, to a net worth of over $1.1 trillion, Forbes reports. Per the report, Musk is worth about $813 billion prior to the SpaceX IPO, almost three times more than the world’s second-richest person, Google’s Larry Page.
Musk owns 42 percent of the company’s shares which, at its current stock price, translates to over $640 billion. It’s possible that, if SpaceX’s price goes down, Musk would become the world’s first former trillionaire, but at its current price, Musk is richer than 46 percent of the world’s population (roughly 3.8 billion people) combined, Oxfam America said in a response to Musk hitting 13-digit wealth.
