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Elon Musk Becomes First Trillionaire with SpaceX IPO Launch

KVIA•Friday, June 12, 2026 at 4:37 PM•ABC News

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Elon Musk has officially become the world's first trillionaire following the initial public offering (IPO) of SpaceX, which began trading recently. Musk, who owns approximately 40% of SpaceX shares, saw his net worth soar from $780 billion to over $1 trillion as the company was valued at nearly $2 trillion, marking the largest IPO in history. Despite this massive valuation, SpaceX reported a loss of $4.9 billion last year, raising questions about its long-term profitability and the sustainability of Musk's wealth. Investors will need to wait a year before Musk can sell any of his shares, which could impact his control over the company. The IPO has sparked mixed reactions among analysts regarding the future of SpaceX and its ambitious projects.

Key Details: • SpaceX IPO valued at nearly $2 trillion, making it the largest IPO ever. • Musk's net worth increased by approximately $550 billion in the past year. • SpaceX reported a revenue of $18.7 billion in 2025, but a loss of $4.9 billion last year. • Musk cannot sell any SpaceX shares for one year post-IPO, affecting his ownership control.

business space wealth elonmusk ipo

People & Organizations

Elon MuskxAISpaceXTeslaLarry PageJason Schloetzer

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