Elon Musk has become the world's first trillionaire following SpaceX's record-breaking $75 billion initial public offering, which significantly boosted the value of his holdings in the company.
Before the IPO, Forbes estimated Musk's net worth at around $780 billion. According to Reuters calculations cited in reports, the SpaceX listing has increased his wealth to more than $1.1 trillion.
Musk owns about 42 per cent of SpaceX and also holds substantial stock options in the company. Following the listing, the value of his SpaceX stake is estimated at approximately $866 billion.
The IPO is being viewed as a major vote of confidence in Musk's business empire, which spans sectors including electric vehicles, space technology, artificial intelligence, and social media.
SpaceX and electric vehicle manufacturer Tesla remain the core pillars of Musk's business portfolio. Analysts often refer to the interconnected network of his companies as the "Muskonomy", reflecting the influence his leadership has on investor sentiment and company valuations.
Musk first gained prominence through Tesla and SpaceX before expanding into social media with the acquisition of Twitter, now known as X, in 2022.
His growing involvement in politics and public policy has attracted scrutiny, with critics raising concerns about corporate governance, concentration of influence, and potential conflicts of interest.
Despite recurring controversies, investors have continued to back Musk's ventures. Market analysts have frequently referred to an "Elon premium", describing valuations that are driven not only by company performance but also by investor confidence in Musk's ability to build and scale transformative businesses.
The latest milestone places Musk well ahead of other billionaires and further strengthens his position as one of the most influential figures in global business and technology.