AUSTIN, Texas (Diya TV) — Elon Musk has become the world’s first trillionaire after shares of SpaceX surged during the company’s stock market debut, pushing the rocket maker’s valuation above $2 trillion and significantly increasing Musk’s personal wealth.
The milestone marks another historic moment for Musk, who already holds the title of the world’s richest person. The sharp rise in SpaceX shares boosted the value of his holdings and pushed his net worth past the trillion-dollar mark.
SpaceX shares opened at $150 on Friday, up from their initial public offering price of $135. The stock later climbed to about $167, giving the company a market value of roughly $2.18 trillion.
Musk’s fortune is tied largely to his ownership stakes in SpaceX and electric vehicle maker Tesla. He also owns stakes in several other companies, including Neuralink and The Boring Company. The jump in SpaceX shares added hundreds of billions of dollars to Musk’s wealth. The achievement places him in a league of his own among global billionaires.
Musk first became the world’s richest person in January 2021. At that time, a surge in Tesla stock pushed his net worth above $185 billion, allowing him to surpass Amazon founder Jeff Bezos. Since then, Musk’s wealth has continued to grow alongside the value of his technology companies.
Musk said SpaceX decided to go public because it needs substantial funding to support its long-term ambitions. The company plans to expand its satellite network, build data centers in space, and develop technologies for deep-space exploration. Musk has also made no secret of his goal to establish a permanent human settlement on Mars.
He said the company’s mission is to make life “multi-planetary.”
“Not just a few astronauts, I mean you literally,” Musk said while discussing the company’s future vision. “Whoever you are watching this, SpaceX wants to be able to take you to the moon, take you to Mars, and ultimately beyond.”
SpaceX has outlined several ambitious projects for the coming decades. Among them is a plan to build a self-sustaining colony of one million people on Mars. The company also aims to establish additional human outposts in space. It wants to launch massive data centers into orbit and create infrastructure that supports future space economies.
These goals require enormous investment. While SpaceX generates revenue from its launch services and satellite operations, the company continues to spend heavily on research, development, and expansion. Financial reports show that SpaceX lost approximately $8.7 billion between the start of 2025 and March 31, 2026. The company expects to invest billions more as it pursues its long-term objectives.
Musk’s plans extend beyond rockets and space travel. He has frequently spoken about the transformative impact of artificial intelligence and advanced robotics.
Last year, he predicted that traditional economic systems could change dramatically as AI technology becomes more capable. According to Musk, highly productive AI systems and humanoid robots could eventually make money less important in everyday life. He believes many jobs could become optional rather than necessary.
Musk also argued that advanced automation could help eliminate poverty by creating unprecedented levels of productivity and abundance. His companies continue to invest heavily in technologies that support that vision, including AI development, robotics, and brain-computer interfaces.
The successful public debut of SpaceX represents a major milestone for both the company and Musk. Investors appear optimistic about the company’s future despite its large losses and ambitious spending plans. The stock market rally highlights growing confidence in commercial space exploration and emerging technologies linked to Musk’s broader business empire.
