Elon Musk is now, at least on paper, the richest person in history. SpaceX shares closed their first day of trading at about $161, up 19% from the $135 IPO price, and the surge vaulted Musk's net worth to roughly $1.1 trillion — making him the world's first-ever trillionaire. It capped the largest IPO in recorded history and a remarkable single-day jump in one man's fortune.
How did SpaceX stock do on day one?
Strongly. SpaceX began trading on the Nasdaq under the ticker SPCX at its $135 offer price and closed at $160.95, a gain of about 19%, after swinging between $149.34 and $176.52 during the session. The offering raised roughly $75 billion at a valuation near $1.77 trillion, making it the biggest IPO ever — more than double the previous record, Saudi Aramco's $29.4 billion debut in 2019.
How much is Elon Musk worth now?
Around $1.1 trillion. Before the IPO, Musk was worth an estimated $813 billion; the first-day pop in SpaceX, where he owns roughly four out of every ten shares, pushed him past the trillion-dollar mark. That puts him nearly four times ahead of the world's second-richest person, Google co-founder Larry Page, estimated at about $288 billion.
Read more: SpaceX Surges in Its Record Debut tops $160: What the Market Is Really Buying Beyond $2 Trillion
Is he really a trillionaire, or just on paper?
On paper, and that distinction matters. The vast majority of Musk's wealth is locked up in stock he controls but cannot easily sell — his stakes in SpaceX and Tesla — rather than cash in the bank. That means the trillion-dollar figure rises and falls with share prices and could shrink as fast as it grew if SPCX or Tesla slides. It is a genuine milestone, but it reflects the market's valuation of his companies on a single day, not a billion-dollar checking account.
Why does the SpaceX IPO matter beyond Musk?
Because it reopens the door for the market's biggest private companies to go public. SpaceX was one of the most valuable private firms on earth, and a debut this large and this successful signals that investor appetite for marquee names is enormous. That has direct implications for the AI giants lining up behind it: Anthropic has already filed confidentially at a $965 billion valuation, and OpenAI is reportedly preparing a listing of its own. Musk's record-setting day may be remembered as the moment the long-awaited wave of trillion-dollar tech IPOs finally broke.
Frequently Asked Questions
Is Elon Musk really the world's first trillionaire?
Yes, on paper. After SpaceX's stock closed up about 19% on its first trading day, Musk's net worth rose to roughly $1.1 trillion, making him the first person ever valued above $1 trillion. Most of that wealth is tied up in SpaceX and Tesla shares rather than cash.
How much did SpaceX stock rise on its first day?
SpaceX priced its IPO at $135 and closed its first session at about $161, a gain of roughly 19%, trading between $149 and $176 during the day. The IPO raised around $75 billion at a valuation near $1.77 trillion.
Why is it the largest IPO ever?
At about $75 billion raised, SpaceX's offering more than doubled the previous record set by Saudi Aramco's $29.4 billion IPO in 2019, making it the biggest initial public offering in recorded history.
Who is the second-richest person after Musk?
Google co-founder Larry Page, with an estimated net worth of about $288 billion — nearly four times less than Musk's roughly $1.1 trillion following the SpaceX debut.
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