Musk became the world's first trillionaire after SpaceX's IPO

After SpaceX went public, the entrepreneur's fortune exceeded $1 trillion.

American entrepreneur Elon Musk became the world's first trillionaire after his aerospace company SpaceX went public.

Forbes estimates Musk's net worth has grown to about $1.1 trillion. Bloomberg estimates his wealth at nearly $1.05 trillion. This is more than three times the wealth of the second richest person in the world - Google co-founder Larry Page, whose fortune Forbes estimated at $295.3 billion as of June 12.

SpaceX placed 555.6 million shares at $135 per share. The volume of funds raised amounted to $75 billion, and the company’s valuation following the placement reached $1.75 trillion.

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SpaceX shares rose after trading began

The main trading session on NASDAQ began on June 12. Before the start of trading, the indicative price of SpaceX shares reached $175, but then dropped to $150, CNBC reported.

In the first minutes of trading, the company's securities rose by more than 20% compared to the IPO price. As of 19:00 Moscow time, shares were trading at $162.82, which was 20.6% higher than the offering price. At the maximum, quotes rose to $168.75.

SpaceX's capitalization at a share price of $150 exceeded $2 trillion. According to Bloomberg, high demand for the company's securities was shown by both private and institutional investors, including BlackRock, Japanese funds and sovereign funds of Saudi Arabia, Kuwait and Qatar.

The bulk of Elon Musk's fortune is tied to SpaceX

Musk remains SpaceX's largest shareholder and holds the positions of chairman, CEO and chief technology officer of the company. According to Forbes, he owns 4.8 billion shares of SpaceX and 350 million options with an exercise price of $8.40 per share.

After the IPO, Elon Musk's stake in SpaceX is about 38%, and its value is estimated at $765 billion.

In addition to SpaceX, the entrepreneur owns just over 10% of Tesla shares. Forbes estimates this stake at $163 billion. Musk also owns options to purchase another almost 8% of Tesla shares, shares in Neuralink and Boring Company, as well as funds from previous sales of Tesla shares.

According to The New York Times, thanks to SpaceX's IPO, about 4.4 thousand current and former employees of the company could become dollar millionaires. About 400 of them will receive fortunes in excess of $100 million.

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The company is betting on Starlink, AI and space infrastructure

In the prospectus for the IPO, SpaceX indicated that it sees development prospects not only in the field of space launches and Starlink satellite Internet, but also in orbital data centers for artificial intelligence, industrial infrastructure on the Moon, resource extraction on asteroids and the creation of settlements on Mars.

At the same time, the company remains unprofitable. According to Bloomberg, SpaceX's revenue in 2025 rose 33% to $18.67 billion, but the company posted a net loss of $4.94 billion.

In its prospectus, SpaceX warned investors that it could not predict when the business would become profitable.

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Elon Musk and the war in Ukraine

In October 2022, Musk proposed his own “ peace plan ”: repeated elections under the auspices of the UN in the Russian-occupied territories of Ukraine, recognition of Crimea as part of Russia, neutral status of Ukraine and guarantees of water supply to Crimea. Then he wrote that he was “a big fan of Ukraine , but not the Third World War.”

In 2024, Musk called the war an “eternal war without progress” and argued that Ukrainian youth were dying without territorial gains for the country. He later confirmed this assessment in X.

In 2025, Musk increased his criticism of the continuation of the war . At an event for the Italian League party, he called the conflict “cruel, inhumane and senseless” and supported US President Donald Trump’s intention to achieve a cessation of hostilities.

“I have no respect for those who incite war, they are truly evil. We see a lot of people dying and there is no plan. All this is cruel, inhuman and senseless. <...> It’s time to say “enough is enough,” Musk said.

Previously, “Verstka” wrote about how the Russian army began to massively use Starlink in the war in 2024. It turned out that Musk's terminals are one of the few ways to get uninterrupted Internet access in a combat zone.

Photo: X Elon Musk speaks via video link on the day of the SpaceX IPO, June 12, 2026. REUTERS/Brendan McDermid

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