Elon Musk Becomes World's First Trillionaire Following Historic SpaceX IPO

Elon Musk has officially become the world's first trillionaire. The financial milestone follows the historic initial public offering of SpaceX, which shattered market records and revealed major AI infrastructure deals involving Google and Anthropic, two companies whose technology Apple has recently integrated into its software.



SpaceX began trading on the Nasdaq under the ticker SPCX, opening at $150 a share after an initial pricing of $135. The space and technology company raised $75 billion in its public debut, easily surpassing the previous $29 billion global record set by Saudi Aramco. Driven by intense retail and institutional demand, the stock surged to $176.52 during its first day of trading, briefly pushing the company's valuation to roughly $2 trillion.


The soaring valuation fundamentally shifted global wealth rankings. Musk's stake in SpaceX is now worth nearly $690 billion. Combined with his holdings in Tesla and other assets, his total net worth sits at an estimated $1.1 trillion. According to Fox Business, he retains absolute control over the newly public entity, holding roughly 85 percent of the voting power through a dual-class share structure.

This public offering follows a strategic consolidation of Musk's technology portfolio, integrating SpaceX with his artificial intelligence startup xAI and the social network X. The IPO filings revealed that SpaceX's massive computing infrastructure is now a major revenue driver, securing lucrative contracts from both Google and Anthropic. Apple recently selected Google's Gemini models to help power its next-generation Siri experience and integrated Anthropic's Claude into Xcode for developers. Earlier this year, SpaceX also secured an option to acquire Cursor maker Anysphere in a deal valued at up to $60 billion, further expanding its presence in AI tools used by software developers.

According to regulatory filings, Anthropic will pay SpaceX $1.25 billion a month to rent xAI data center space. A separate agreement shows Google paying $920 million monthly for AI capacity. These deals create an indirect connection between Musk's AI infrastructure business and services Apple has chosen to integrate into its software platforms.

Beyond artificial intelligence, Starlink continues to serve as a major growth engine for the company. Filings show the satellite internet division generated the vast majority of the company's $18.67 billion in revenue last year by providing broadband connectivity to consumers and enterprises worldwide.


Speaking at the launch event in New York, Musk reflected on the improbable rise of the company he founded in 2002. He admitted he originally gave SpaceX less than a 10 percent chance of survival. Addressing the massive scale of the public offering, he joked that if someone had predicted this outcome years ago, he would have assumed they were smoking crack.

Musk said SpaceX's long-term goal remains making humanity multiplanetary and eventually enabling ordinary people to travel to the Moon, Mars, and beyond.