Musk crosses $1T net worth on SpaceX IPO day — first trillionaire in history
TL;DR
SpaceX IPO opens June 12, ticker SPCX, +20% first day to a $2T valuation. Musk crosses $1.05T net worth — humanity's first trillionaire. 90%+ of it is locked for 366 days.
On June 12, SpaceX began trading on the Nasdaq under ticker SPCX, gaining ~20% on day one to close at $160, valuation crossing $2 trillion. Musk's 4.76B SpaceX shares alone are worth $766B; adding ~$28B in Tesla brings net worth above $1.05 trillion — the first trillionaire in human history.
The scale is hard to grasp. Number two is Larry Page at ~$29.3B — Musk is roughly 4× him, more than the combined wealth of the world's #2–#6. Musk's personal wealth exceeds Taiwan, Ireland, or Sweden's GDP. The top ten richest sum to ~$3T; Musk alone is over a third.
The IPO raised $75B — the largest IPO ever. Valuation $1.77T. On revenue, SpaceX's 2025 ~$18.67B is a tenth of Meta's, but the valuation tops Meta's. The market is buying rockets, Starlink, and Musk himself.
One detail: Musk's SpaceX shares carry a 366-day lockup (vs the standard 180). 90%+ of that trillion is locked equity, no monetization for a year. The number is real; the liquidity isn't.
Musk before market open: «It's incredible — a small company that started in an LA warehouse becomes the largest IPO in history today. I gave SpaceX a less than 10% chance of success.»
via CNBC
The scale is hard to grasp. Number two is Larry Page at ~$29.3B — Musk is roughly 4× him, more than the combined wealth of the world's #2–#6. Musk's personal wealth exceeds Taiwan, Ireland, or Sweden's GDP. The top ten richest sum to ~$3T; Musk alone is over a third.
The IPO raised $75B — the largest IPO ever. Valuation $1.77T. On revenue, SpaceX's 2025 ~$18.67B is a tenth of Meta's, but the valuation tops Meta's. The market is buying rockets, Starlink, and Musk himself.
One detail: Musk's SpaceX shares carry a 366-day lockup (vs the standard 180). 90%+ of that trillion is locked equity, no monetization for a year. The number is real; the liquidity isn't.
Musk before market open: «It's incredible — a small company that started in an LA warehouse becomes the largest IPO in history today. I gave SpaceX a less than 10% chance of success.»
via CNBC
