Elon Musk is Currently the World’s First Trillionaire

Elon Musk has become the world’s first trillionaire after shares in his rocket and space exploration company SpaceX surged on their first day of trading on the US stock market.

SpaceX went public on June 10 at an initial price of $135 per share. By early trading the following day, the price had climbed to $162, a jump of roughly 20%, pushing the company’s total value past $2 trillion.

Musk owns a 38% stake in SpaceX, which at the current share price is worth approximately $800 billion on its own. Add to that his 10% stake in electric vehicle giant Tesla, valued at around $165 billion, plus other investments, and his total estimated wealth crosses the $1 trillion mark for the first time in history.

For Belizeans trying to put that figure in context, Belize’s entire national budget for 2026 is roughly $1.9 billion. Musk’s wealth is now estimated over 500 times that amount.

Forbes had pegged Musk’s net worth at around $980 billion before SpaceX began trading, meaning it took only a modest rise in the share price to push him over the threshold.

Within the first 20 minutes of trading, individual retail investors poured $18 million into SpaceX shares, making it the second most purchased stock of the day behind tech giant Nvidia.

Notably, Musk does not hold $1 trillion in cash or in a bank account. His wealth exists almost entirely in the form of shares in companies he controls, and he is barred from selling his SpaceX shares for 366 days following the public offering.

Analysts caution that Musk’s new status depends on SpaceX’s share price staying high. If the stock falls below $138, his net worth would drop back under the trillion mark.