Elon Musk has officially become the world’s first trillionaire following the historic initial public offering of SpaceX. The aerospace giant priced shares at $135 on June 12, raising $75 billion and achieving a market valuation of approximately $1.77 trillion.
This landmark transaction triples the previous record set by Saudi Aramco in 2019. SEC filings indicate Musk’s SpaceX stake is now valued at $866.5 billion. Combined with his Tesla holdings, his total paper wealth has surpassed the $1.1 trillion mark.
Trading commenced on the Nasdaq under the ticker SPCX, ending over two decades of private operations. Despite going public, Musk retains approximately 84.4% of voting power through a Class B share structure, maintaining decisive control over corporate strategy.
Market analysts attribute the massive valuation primarily to SpaceX’s core rocket and satellite infrastructure rather than speculative ventures. However, the concentrated voting control presents a distinct governance profile that investors must weigh against the company's dominant position in global launch services.