Elon Musk
A $75 billion stock market debut pushes the entrepreneur’s net worth past $1.1 trillion, rewriting the rules of wealth
By MKT Reporter
Elon Musk became the world’s first trillionaire on Friday after SpaceX raised a record $75 billion in its initial public offering, pushing his net worth beyond $1.1 trillion when trading opened.
Prior to the share sale, Forbes had pegged Musk’s net worth at roughly $780 billion — more than double that of his nearest rival, Alphabet co-founder Larry Page. “The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth,” said Matt Durot, deputy editor at Forbes Wealth.
Most of Musk’s fortune rests with SpaceX, where his stake alone is valued at approximately $866 billion. Market analysts have long spoken of an “Elon premium” — a valuation driven as much by faith in his vision as by conventional financial metrics. “Much like Tesla, SpaceX is a bet on Elon Musk,” said Matt Kennedy, senior strategist at Renaissance Capital. “A market cap of $1.5 to $2 trillion would certainly throw all traditional valuation methodologies out the window.”
The milestone arrives despite a turbulent period for Musk personally — weakening Tesla sales in 2025, a public falling-out with President Donald Trump following his DOGE advisory role, and persistent governance concerns across his sprawling empire.
JPMorgan Chase CEO Jamie Dimon, once a legal adversary, offered perhaps the most striking tribute: “Elon is the Edison of our time.”
Even his fiercest critics may struggle to argue with a trillion dollars.
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