Elon Musk has reportedly become the world’s first trillionaire after the successful stock market debut of his aerospace company, SpaceX, according to reports citing the Bloomberg Billionaires Index.
The founder of Tesla and SpaceX is said to have reached an estimated net worth of US$1.11 trillion (approximately £828 billion), further extending his lead as the world’s richest individual.
The milestone follows the highly anticipated listing of SpaceX on the Nasdaq stock exchange, where the company achieved a reported market valuation of US$2.2 trillion.
SpaceX shares were initially expected to be offered at US$135 per share. However, trading opened at US$150 per share and briefly surged to US$176.50 amid strong investor demand, reflecting growing interest in the space technology and artificial intelligence sectors.
The stock eventually closed at US$161 per share on its first day of trading.
Prior to the public offering, SpaceX had reportedly raised approximately US$75 billion from investors and underwriters through its initial public offering (IPO).
According to Bloomberg, Musk owns about 42 percent of SpaceX, making him the company’s largest shareholder and giving him significant control over its operations.
Reports indicate that the value of Musk’s SpaceX holdings reached approximately US$767.1 billion following the market debut, while he also holds options to acquire additional shares valued at around US$53.8 billion.
In addition to his SpaceX stake, Musk continues to hold substantial investments in Tesla and several other technology ventures, contributing to his record-breaking personal fortune.
The achievement marks a historic milestone in global wealth accumulation and highlights the growing influence of the technology, aerospace, and artificial intelligence industries in shaping the world economy.
