Elon Musk poised to make history as world’s first trillionaire

by | Jun 12, 2026 | World

When Elon Musk’s SpaceX debuts on Wall Street on Friday, the controversial tech titan will almost certainly step into the history books as the world’s first trillionaire.Musk already holds the crown of the world’s wealthiest man – worth roughly $696bn before SpaceX announced its record-breaking initial public offering on Thursday, according to the Bloomberg Billionaire Index.Recommended Stories list of 4 itemsend of listBut his 42 percent stake in the rocket-cum-AI company will take him into uncharted territory.SpaceX will begin trading at a valuation of $1.77tn when it debuts on the Nasdaq stock exchange, selling 555.6 million shares at $135 each.Estimates of the value of Musk’s stake range from $743bn to $866.5bn.If all goes well, Musk, who also leads Tesla, will officially cement his trillionaire status before markets close on Friday. SpaceX’s mega rocket Starship prepares for a test flight from Starbase in Boca Chica, Texas, the US, on November 18, 2024 [File: Eric Gay/AP]$1 trillion is a number so large that it stretches the limits of human comprehension.If Musk spent $1m every day, it would still take him 2,740 years to spend $1 trillion, according to UK charity Oxfam.Ranked alongside his peers, Musk will be more than three times richer than Google co-founder Larry Page, who is the world’s second-richest man, according to the Bloomberg Billionaires Index, with a fortune of $304bn.Musk will also rank among the wealthiest people of all time.While comparing wealth across history is difficult due to differences in purchasing power and standards of living, Musk is on track to command a g …

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