(FILES) Elon Musk looks on during a news conference with US President Donald Trump in the Oval Office of the White House in Washington, DC, on May 30, 2025. Musk has urged his 227 million social media followers to cancel their Netflix subscriptions, accusing the streaming platform of promoting what he describes as transgender propaganda. In his latest culture war campaign, the Tesla tycoon joined a trend launched by conservative social media account Libs of TikTok that cited the animated series "Dead End: Paranormal Park" and Netflix's corporate diversity efforts as a cause for dropping the streaming service. (Photo by Allison ROBBERT / AFP)
Elon Musk, founder and Chief Executive Officer of SpaceX, today became the first human in history to cross the $1 trillion net worth barrier.
CNN believes the milestone was triggered by the successful stock market debut of his rocket company.
SpaceX priced its first public offering at $135 a share, raising Musk’s estimated fortune to well over $1 trillion.
SpaceX’s worth soared past $2 trillion after shares in the business, which trades on the Nasdaq under the ticker “SPCX”, surged to $165 immediately after markets started Friday — almost 22 per cent above the IPO price.
Prior to the IPO, Musk’s fortune was already estimated at $813 billion, more than twice that of the planet’s second-richest person, Google co-founder Larry Page, at about $288 billion, according to Forbes.
Elon Musk’s net worth is now more than the next three on the Bloomberg Billionaires Index COMBINED: Google co-founders Larry Page and Sergey Brin and Oracle founder Larry Ellison.
At its current capitalisation, SpaceX is the sixth largest publicly traded corporation in the United States, trailing Nvidia, Alphabet, Apple, Microsoft and Amazon.
Musk also owns xAI, his artificial intelligence company that runs the Grok chatbot, and the profitable and growing satellite internet service Starlink, a subsidiary of SpaceX.
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