Elon Musk Becomes World’s First Trillionaire After SpaceX IPO

Investors are betting on Elon Musk establishing data centers in space and making a permanent human colony on Mars.

A SpaceX Super Heavy booster carrying the Starship spacecraft lifts off on its 12th test flight at Starbase, Texas, on May 22, 2026. Reuters/Steve Nesius

Elon Musk, the world’s richest person, has become the first trillionaire on the planet as early as the end of the June 12 trading session following SpaceX’s Wall Street debut.

The rocket, satellite, and artificial intelligence (AI) juggernaut went public on the Nasdaq in the largest initial public offering (IPO) in history.