Elon Musk becomes world’s first trillionaire after SpaceX’s record $75 billion IPO
Here's a record-book fact that's easy to be quizzed on. Elon Musk has become the world's first trillionaire, after his rocket company SpaceX raised a record seventy-five billion dollars through its IPO, that's an initial public offering, when a private firm first sells shares to the public. Forbes pegs his net worth at around 1.1 trillion dollars, with most of it tied to his SpaceX stake, alongside Tesla and X. So for your CLAT prep, just remember Elon Musk is the first person to cross the one-trillion-dollar mark, and an IPO is how a company goes public on the stock market.
SpaceX founder Elon Musk has become the first person in the world to get the “trillionaire” tag. Investor confidence in Musk’s businesses was on full display on Thursday when SpaceX, which deals in reusable rockets, satellites and artificial intelligence, secured a record USD 75 billion through its initial public offering, reported news agencyReuters.
Alongside electric-vehicle manufacturer Tesla, SpaceX sits at the heart of Musk’s business empire.
Before the share offering, Forbes estimated Musk’s net worth at around USD 780 billion, placing him comfortably ahead of the second-richest individual, Alphabet co-founder Larry Page.
Matt Durot, deputy editor at Forbes Wealth was quoted as saying byReuters: “The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow.” “And only one other person, Oracle founder Larry Ellison, has ever been worth USD 400 billion.”
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A major part of Musk’s wealth is now tied to SpaceX, where his stake is valued at roughly USD 866 billion. Combined with his holdings in Tesla and other ventures, Forbes estimates his net worth at USD 1.1 trillion once SpaceX shares began trading on Friday, according to Reuters calculations based on company filings.
Musk first rose to global prominence through Tesla and SpaceX before extending his influence further with the USD 44 billion purchase of Twitter (now X) in 2022, which gave him access to a massive online community and the chance to regulate the platform. In addition to Tesla and SpaceX, Musk has helped launch several other companies, including tunnel-construction venture The Boring Company and brain-implant developer Neuralink.
His growing involvement in politics has also generated controversy. Among the most debated episodes was his participation in US PresidentDonald Trump’s Department of Government Efficiency last year. The political backlash coincided with low Tesla sales in several overseas markets during 2025, as the company faced protests and consumer boycotts.
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