South African-born billionaire tech mogul Elon Musk has emerged as the world’s first trillionaire after SpaceX began trading on the Nasdaq on Friday, June 12, 2026.
TheNewsGuru reports that Musk’s net worth surpassed $1 trillion shortly after the aerospace company completed its initial public offering (IPO) and its shares began trading publicly.
His fortune grew because of how well SpaceX stock performed on its first day of trading.
SpaceX shares opened at $150, higher than the IPO price of $135. This opening price valued the company at almost $2 trillion.
Musk owns a large share of the company, which helped boost his estimated personal wealth.
Forbes and Bloomberg estimate that Musk’s net worth is about $1.1 trillion after the IPO.
This calculation includes his combined holdings in several companies, such as Tesla, SpaceX, xAI, Neuralink, and The Boring Company.
Musk, born in South Africa, has been the world’s richest person for several years. His wealth is closely linked to the success of his technology and engineering companies, especially Tesla and SpaceX.
SpaceX, founded in 2002, builds spacecraft and rocket systems. The company runs reusable rocket programs and offers satellite internet through its Starlink network. It also handles commercial and government space missions, including work for NASA.
This IPO is the first time SpaceX shares have been available on a public exchange.
On the first day of trading, the company’s valuation rose well above its initial offering price.
Financial analysts said the rise in SpaceX’s value helped Musk’s net worth pass the trillion-dollar mark. Market data showed strong early demand from investors after the listing.
As part of the offering, Musk cannot sell a large portion of his shares for a set time after the IPO. This restriction is common in public listings to prevent major stakeholders from selling large amounts of shares right away.
Investors are expected to keep a close eye on SpaceX’s stock performance in the coming days as they assess its value and trading stability after its market debut.