Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its initial public offering at $135 per share — a deal that vaults the world’s richest man past the US$1 trillion mark.

Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice that of Google co-founder Larry Page, the world’s second-richest person at roughly $288 billion, according to Forbes. SpaceX shares will trade under the ticker symbol “SPCX” and are due to begin trading on Friday once the Nasdaq Composite Index opens at 9.30 a.m. New York time. Musk’s wealth will climb further if the stock rises above $135, but he could slip back below the trillionaire line if it falls.

By the math published in SpaceX’s IPO filing, Musk owns 4.8 billion SpaceX shares — about 42% of the company — and 350 million stock options exercisable at $8.39 per share. At $135 a share, his stake is worth $648 billion and his options add another $44.3 billion. Forbes had valued his pre-IPO SpaceX stake at $500 billion, so the IPO pricing boosts that holding by an additional $192.3 billion, taking his total net worth to a reported $1.005 trillion.

Only 19 countries have GDPs above US$1 trillion, ranging from the United States to the Netherlands, according to World Bank data — putting Musk’s net worth in the same range as the economic output of mid-sized nations. Oxfam America’s senior director of economic justice Nabil Ahmed called the milestone “a new pinnacle of oligarchy” and a “new Gilded Age” of wealth inequality, noting Musk is now richer than the bottom 46% of the world’s population, or about 3.8 billion people combined. About 4,400 SpaceX employees are expected to become millionaires when the stock begins trading, the New York Times reported.

The SpaceX listing is the most prominent US technology IPO of 2026 and comes weeks after SpaceX’s Starship V3 vehicle completed its 12th test flight. The float also lands as a US investment roundtable in Colombo featured SpaceX alongside Apple as targets for Sri Lankan engagement.

Source: Ada Derana — Elon Musk becomes the world’s first trillionaire with SpaceX’s IPO (CBS News).