Elon Musk, the founder and CEO of SpaceX, has become the first-ever trillionaire after the company’s initial public offering (IPO) on Friday. Musk owns roughly four out of every 10 SpaceX shares, which has increased his net worth to over $1 trillion.

SpaceX IPO

The SpaceX IPO has been a highly anticipated event, with the company hitting markets at a valuation of nearly $2 trillion. This has made Musk’s net worth exceed the wealth of the poorest 46% of the global population, or about 3.8 billion people.

Musk’s wealth stems primarily from the sizable stakes he holds in SpaceX and Tesla, another company he founded. His net worth had grown about $550 billion over the past year, which breaks down to more than $1 million per day.

Market Reaction

The SpaceX IPO has divided stock analysts, some of whom tout its earnings potential in the lucrative aerospace and AI industries, even as others bemoan what they view as pie-in-the-sky initiatives like space-bound data centers. The company’s revenue jumped to $18.7 billion in 2025, soaring 33% compared to the previous year.

Original reporting: El Paso News (HLL/CB) — read the source article.