SUNTV Global Channel Reporting | June 12, 2026
Tech entrepreneur and billionaire investor has reportedly become the world’s first trillionaire on paper following the historic initial public offering (IPO) of .
The record-breaking IPO was priced at $135 per share and raised approximately $75 billion, valuing SpaceX at an estimated $1.77 trillion. The valuation makes the aerospace giant one of the most valuable publicly traded companies in the world and surpasses the historic 2019 listing of as the largest IPO ever recorded.
According to the company’s prospectus, Musk is expected to control about 84.4 percent of SpaceX’s voting power through his holdings of Class A and Class B shares. At the IPO price, his stake in the company is valued at roughly $866.5 billion.
When combined with his estimated holdings in , valued at approximately $286.2 billion based on recent market prices, Musk’s net worth rises above the $1 trillion mark, making him the first person in history to achieve the milestone on paper.
Despite the achievement, analysts note that the valuation remains largely theoretical and depends on SpaceX maintaining its market value after trading begins, as well as Tesla sustaining its share performance.
The valuation also includes performance-based stock awards tied to ambitious long-term goals, including plans for a permanent human settlement on Mars and the development of large-scale space-based computing infrastructure.
While investors continue to show confidence in the company’s future, SpaceX remains unprofitable. The company reported revenue of $18.7 billion in 2025, up from $14 billion in the previous year, but posted a net loss of $4.9 billion.
The milestone marks another major chapter in Musk’s rise as one of the most influential figures in technology, transportation, artificial intelligence, and space exploration.
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