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Among reusable rockets, Starlink satellites, Tesla electric cars, and artificial intelligence, Elon Musk reaches US$ 1.1 trillion after SpaceX IPO and inaugurates an unprecedented financial milestone in modern history
The debut of SpaceX on Nasdaq took place on June 12, 2026. With this, Elon Musk reached the milestone of world’s first trillionaire.
According to Reuters, Associated Press, and Forbes, the entrepreneur’s fortune reached about US$ 1.1 trillion. Furthermore, the advancement occurred after the valuation of the space company.
Musk is the founder of SpaceX, the largest shareholder of Tesla, and owner of X, formerly Twitter. Therefore, his fortune was boosted by several businesses at the same time.
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According to Reuters, SpaceX priced its shares at US$ 135 in the IPO. Additionally, the company raised US$ 75 billion in the operation.
The company also reached an initial valuation of US$ 1.77 trillion. Soon after, according to the Associated Press, the shares opened higher on Nasdaq.
With this, the market value of SpaceX exceeded US$ 2 trillion. Thus, Musk’s participation was decisive for the new financial milestone.
SpaceX takes Elon Musk to the milestone of first trillionaire
Founded in 2002, SpaceX became one of Musk’s main companies. The company developed reusable rockets and changed space transportation.
Additionally, the company began transporting cargo, launching satellites, and sending people to space. Later, it gained even more strength with Starlink.
Starlink is the satellite internet arm of SpaceX. Currently, the technology serves remote regions and also operates in Brazil.
In fact, the network operates in the Amazon. According to the base text, environmental agencies have already linked this expansion to concerns about illegal activities in isolated areas.
Journey began with Zip2, PayPal, and Tesla
Elon Musk was born in Pretoria, South Africa, in 1971. Later, he moved to Canada before turning 18.
Later, he studied at the University of Pennsylvania, in the United States. There, he graduated in physics and economics.
While still young, Musk taught himself programming. In 1995, he founded Zip2 with Kimbal Musk and Greg Kouri.
The company was sold to Compaq in 1999. Shortly after, Musk created X.com, an online financial services company.
X.com merged with Confinity and gave rise to PayPal. In 2002, PayPal was bought by eBay for US$ 1.5 billion in stock.
In 2004, Musk joined Tesla as the largest investor. Later, he took on a central role in the expansion of the electric car manufacturer.
Over time, Tesla grew and opened factories outside the United States. Additionally, it gained prominence with electric vehicles, batteries, and solar energy.
X, Neuralink, xAI, and other businesses expand the empire
In addition to Tesla and SpaceX, Musk bought Twitter in October 2022. The deal was closed for US$ 44 billion.
Afterwards, the social network was renamed as X. Thus, the platform became part of the group of companies linked to the entrepreneur.
Also part of Musk’s trajectory are Neuralink and The Boring Company. The former works on the connection between brain and computer.
Meanwhile, The Boring Company works with tunnels and ultra-fast transport. Additionally, Musk created xAI after leaving OpenAI.
Musk’s fortune grew at an accelerated pace
According to Forbes, Musk appeared in the billionaire ranking in 2012. At the time, his fortune was estimated at US$ 2 billion.
Ten years later, in 2022, he already amassed US$ 219 billion. With this, he occupied the top of the global list.
Now, with the IPO of SpaceX, Musk consolidated a historic milestone. Even so, his trajectory remains surrounded by controversies and public disputes.
Even in this scenario, Elon Musk continues at the center of strategic sectors. Among them are space exploration, electric cars, satellite internet, artificial intelligence, and social networks.
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