Elon Musk became the world’s first trillionaire Friday as SpaceX shares opened at $150 on the Nasdaq, pushing his net worth to approximately $1.1 trillion according to Forbes. The rocket and satellite company debuted with a nearly $2 trillion valuation after pricing its IPO at $135 per share Thursday. Musk’s 38% stake in SpaceX, including shares and stock options, is now valued at roughly $765 billion, adding approximately $188 billion to his wealth in a single day.
The surge follows recent expansions across Musk’s corporate empire, with X pushing into payments and trading services while xAI grows its artificial intelligence operations. Eric Chia from Exness warned that SpaceX enters public markets at “the most demanding valuation multiple ever attached to a new listing,” noting the real test begins when focus shifts from IPO enthusiasm to execution. Combined with his Tesla holdings worth $163 billion, Musk’s wealth is now concentrated heavily in SpaceX equity.
FXnCO Insight
Monitor SpaceX volatility closely in coming sessions as the stock transitions from IPO momentum to fundamentals-based trading under extreme valuation pressure.
Source: Finance Magnates