{"id":1260,"date":"2026-06-12T04:34:14","date_gmt":"2026-06-12T04:34:14","guid":{"rendered":"https:\/\/americanhomejournals.com\/?p=1260"},"modified":"2026-06-12T04:34:14","modified_gmt":"2026-06-12T04:34:14","slug":"spacexs-ipo-brings-elon-musk-closer-to-becoming-the-worlds-first-trillionaire","status":"publish","type":"post","link":"https:\/\/americanhomejournals.com\/?p=1260","title":{"rendered":"SpaceX’s IPO brings Elon Musk closer to becoming the world’s first trillionaire"},"content":{"rendered":"
\n

The world’s richest man is rocketing toward a new milestone.<\/p>\n

Elon Musk is getting closer to becoming the world’s first trillionaire as his aerospace company,\u00a0SpaceX, goes public\u00a0at an astronomical price. At the initial public offering price of $135 per share, his SpaceX stock is worth $688 billion, bringing his total net worth to $971 billion, according to Bloomberg.<\/p>\n

Read more Deezer built a tool to call out AI music \u2014 even on rival streaming platforms<\/a><\/p>\n

Before\u00a0SpaceX’s IPO was priced on Thursday, Bloomberg pegged Musk’s net worth at $696 billion. His private stake in SpaceX accounted for the majority of that; Bloomberg calculated it was worth $426 billion based on a $1.03 trillion valuation. Shares in Musk’s other companies \u2014 electric carmaker Tesla, brain-chip company Neuralink, and tunneling business The Boring Company \u2014 made up the bulk of the rest.<\/p>\n

We did some back-of-the-napkin math to find out what it would take for Musk to reach the four-comma club.<\/p>\n

All things equal, Musk’s SpaceX stake would have to be worth $717 billion for him to become the first-ever trillionaire. To get to that point, SpaceX would need to hit a share price of $140.71 after it starts trading on Friday.<\/p>\n

At the time of SpaceX’s market debut, Musk will own about 39% of SpaceX’s outstanding shares. He has the potential to unlock another 10% that vests if certain performance conditions are met.<\/p>\n

Read more SpaceX IPO live updates: Record-setting IPO prices at $135 a share<\/a><\/p>\n

Even without hitting the trillion-dollar mark, Musk is by far the world’s wealthiest person. Google cofounder Larry Page is a distant second, with a net worth of $310 billion, according to Bloomberg.<\/p>\n

Musk’s net worth shot up163% over the past year.<\/p>\n

The jump largely reflects SpaceX’s growing valuation. The company’s value doubled from July 2025 to December 2025 after it was valued at $800 million in a secondary sale. That’s before it merged with xAI, Musk’s AI company, in February 2026.<\/p>\n

Tesla’s stockalso grew, though not at such a dramatic rate. The electric carmaker’s share price is up 22%over the past year, and Musk’s stake is now worth $165 billion.<\/p>\n

It’s left him $29 billion shy of trillionaire status.<\/p>\n

That’s only a 3% increase to Musk’s net worth \u2014 but about the size of Malta’s entire gross domestic product.<\/p>\n

Read more Giant inflatable Elon Musk appears in Times Square one day before SpaceX IPO, with a scathing message for its CEO<\/a><\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Elon Musk, already the world’s richest man, is set to become a lot richer thanks to SpaceX’s blockbuster IPO.<\/p>\n","protected":false},"author":1,"featured_media":1259,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"yoast_head":"\nSpaceX's IPO brings Elon Musk closer to becoming the world's first trillionaire - American home journals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/americanhomejournals.com\/?p=1260\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX's IPO brings Elon Musk closer to becoming the world's first trillionaire - American home journals\" \/>\n<meta property=\"og:description\" content=\"Elon Musk, already the world's richest man, is set to become a lot richer thanks to SpaceX's blockbuster IPO.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/americanhomejournals.com\/?p=1260\" \/>\n<meta property=\"og:site_name\" content=\"American home journals\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-12T04:34:14+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=1260#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=1260\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/#\\\/schema\\\/person\\\/a3bb30439d8074c26cddd2e4af7af957\"},\"headline\":\"SpaceX’s IPO brings Elon Musk closer to becoming the world’s first trillionaire\",\"datePublished\":\"2026-06-12T04:34:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=1260\"},\"wordCount\":420,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=1260#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/americanhomejournals.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/bbf3257b4c42b263cea48a8c82cd9d91.webp\",\"articleSection\":[\"Tech\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/americanhomejournals.com\\\/?p=1260#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=1260\",\"url\":\"https:\\\/\\\/americanhomejournals.com\\\/?p=1260\",\"name\":\"SpaceX's IPO brings Elon Musk closer to becoming the world's first trillionaire - 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