Elon Musk Becomes World’s First Trillionaire with SpaceX IPO
Elon Musk’s net worth surpassed $1 trillion on October 6, 2026, following the initial public offering (IPO) of SpaceX, which opened at $150 a share and ended its first trading day valued at over $2 trillion. Musk’s stake in SpaceX is currently worth more than $760 billion, more than twice the value of his Tesla shares, amid a significant decline in Tesla’s profitability.
Tesla experienced a 3% revenue drop in 2025, its first annual decline, though it rebounded slightly with a 16% revenue increase to $22.4 billion in Q1 2026. Despite this, Tesla’s stock trades at approximately 370 times earnings, reflecting investor expectations rooted in Musk’s potential advancements in autonomy and robotics.
SpaceX’s IPO raised about $75 billion, solidifying Musk’s control over 82% of its voting power while owning 42% of its equity. Investors now have direct access to Musk’s ventures in space and AI through SpaceX, separating their investment from the challenges faced by Tesla.
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