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2026, June 12 United States
Key figures reported:
SpaceX raised approximately $75 billion in its IPO, the largest in U.S. history.
The IPO valued SpaceX at roughly $1.77 trillion.
Musk's wealth surged because he retains a large ownership stake and voting control in the company.
Most of his wealth is now tied to SpaceX rather than Tesla.
It's important to note that this is paper wealth based on the market value of his holdings. Musk does not have $1 trillion in cash; the vast majority of his fortune consists of shares in SpaceX, Tesla, and other companies. If he attempted to sell large portions of those holdings, their market value could change significantly.
For perspective, a fortune of $1 trillion is:
1,000 billion dollars
About the size of the annual GDP of some major countries
Larger than the market value of many of the world's biggest corporations a decade ago
This marks the first time an individual's estimated net worth has crossed the trillion-dollar threshold.