Article By Evann Gastaldo
Elon Musk is poised to enter financial territory no one else has reached: trillionaire status, Reuters reports. SpaceX’s blockbuster IPO on Thursday valued the rocket, satellite, and AI company so highly that Musk’s net worth is expected to top $1.1 trillion once trading begins Friday, according to Forbes and Reuters calculations.
That would put him far ahead of the next-richest person, Alphabet co-founder Larry Page, and well beyond the roughly $300 billion tier where others in the top 5 of the world’s ultra-wealthiest figures sit, per the Washington Post. Most of Musk’s fortune now stems from his SpaceX stake, estimated around $866 billion, with Tesla and his other ventures making up the rest.
Musk, 54, became globally known through Tesla and SpaceX, then boosted his reach with the $44 billion purchase of Twitter in 2022, giving him a direct megaphone on politics, immigration, and free speech—and drawing criticism over his influence and partisanship.
Supporters see his unvarnished style and track record at Tesla as proof he can remake space and AI; skeptics question SpaceX’s sky-high valuation and cash needs. Analysts say the surge reflects an “Elon premium,” where investors are betting less on near-term profits and more on Musk himself. The AP breaks down the numbers here, including this one: $1.77 trillion, which is what SpaceX’s market value will be if the shares it’s selling to the public trade at $135 each, the offering price—it could go higher.
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