Washington: SpaceX’s stock market listing has pushed its owner Elon Musk closer to a historic milestone—becoming the world’s first trillionaire, according to estimates cited by Reuters and Forbes.
Musk, who also owns the social media platform X, has long had a major share of his wealth tied to SpaceX. With the company now going public, that stake has gained sharply in value.
In a statement, SpaceX said it sold 555.6 million shares priced at $135 each, raising $75 billion. Following the offering, the company’s market value rose to $1.77 trillion.
Before the IPO, SpaceX was valued at about $780 billion. The current value of Musk’s SpaceX-linked holdings is put at $866 billion, and when combined with Tesla and other assets, his total wealth is projected to exceed $1.1 trillion.
