Forbes Valuation
We estimate Musk’s net worth at $1.1 trillion following SpaceX’s IPO, cementing his status as the world’s wealthiest person and making him the first trillionaire ever.
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Big Number
$173. That was SpaceX’s share price over an hour after it opened at $150 per share.
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Key Background
Musk has been a public cryptocurrency advocate, championing assets like dogecoin and bitcoin as his companies have used the latter as a treasury asset. The billionaire characterized the U.S. dollar and other fiat currencies as “hopeless” last year while bitcoin hit one of its highest points of the 2025. The dominant cryptocurrency has had a rough 2026, falling over 27% since the start of the year, when it traded around the $88,000 mark (it is now down to nearly $64,000).
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Further Reading
SpaceX’s IPO Just Made Elon Musk The World’s First Trillionaire (Forbes)
SpaceX Opens At $150—Surging 20% After Largest IPO Ever (Live Updates) (Forbes)