Elon Musk Becomes World's First Trillionaire as SpaceX IPO Soars
Elon Musk has become the world's first trillionaire following SpaceX's massive initial public offering. The company's shares surged 19% on their first day, valuing Musk's stake and the firm at over $2.1 trillion. SpaceX raised $75 billion in the IPO, the largest in US history, though the company reported a net loss in 2025.
Key points
- SpaceX launched its initial public offering (IPO) at $135 per share, raising $75 billion and valuing the company at approximately $1.78 trillion.
- Following a 19% surge on its first trading day, SpaceX's market valuation exceeded $2.1 trillion, making Elon Musk the world's first trillionaire based on his holdings in SpaceX and Tesla.
- The IPO, which involved the sale of 555.6 million Class A shares, could reach $86 billion if underwriters exercise their option, marking the largest US IPO ever.
- SpaceX reported a net loss of $4.9 billion on $18.7 billion in revenue for 2025, with only its Starlink segment currently profitable.
- The company's valuation is over 90 times its 2025 revenue, highlighting significant investor confidence despite ongoing losses in its space and AI divisions.
Elon Musk has reportedly become the world's first trillionaire, a milestone achieved following the successful initial public offering (IPO) of his space exploration company, SpaceX.
The IPO, priced at $135 per share, initially raised $75 billion, valuing SpaceX at an estimated $1.78 trillion. However, the company's stock experienced a significant surge of 19% on its debut, pushing its market capitalization beyond $2.1 trillion. This dramatic increase, driven by strong investor demand, propelled Musk's personal net worth past the trillion-dollar mark, considering his stakes in both SpaceX and Tesla.
SpaceX's offering is set to be the largest IPO in United States history, with the potential to raise up to $86 billion if underwriters fully exercise their options. The company sold 555.6 million shares of Class A common stock, with an additional 83.3 million shares reserved for underwriters. Despite the substantial capital raised and market enthusiasm, SpaceX's financial filings reveal a net loss of $4.9 billion on $18.7 billion in revenue for 2025. The company's operations are divided into Space, Connectivity (Starlink), and AI, with only the Connectivity segment currently generating profit.
Sources
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