Lucky Obukohwo, Reporting
Elon Musk has made history as the world’s first trillionaire, with his net worth surpassing $1 trillion, according to a report released by CNN on Friday and quoted by Truth Live News Media.
The milestone further cements the Tesla and SpaceX CEO’s position as the wealthiest individual on the planet.
The milestone follows the highly successful stock market debut of SpaceX, Musk’s aerospace company, which significantly boosted his fortune.
SpaceX launched its initial public offering at $135 per share, pushing Musk’s estimated net worth beyond the $1 trillion mark and cementing his place as the world’s first trillionaire.
Trading under the ticker symbol SPCX on the Nasdaq exchange, the company’s shares surged to $165 shortly after trading began, representing an increase of about 22 percent from the IPO price.
The jump boosted SpaceX’s market value to more than $2 trillion.
Prior to the IPO, Musk’s fortune was already estimated at $813 billion.
According to Forbes, that figure was more than double the wealth of the world’s second-richest person, Google co-founder Larry Page, whose net worth stands at roughly $288 billion.
With his latest financial milestone, Musk’s fortune is now greater than the combined wealth of the next three individuals on the Bloomberg Billionaires Index, Larry Page, Sergey Brin, and Oracle founder Larry Ellison.
The latest valuation cements SpaceX’s position as one of America’s most valuable companies, making it the sixth-largest by market value, trailing only Nvidia, Alphabet, Apple, Microsoft, and Amazon.
Beyond rocket launches, the company has built a diverse portfolio of high-profile businesses.
These include Starlink, a fast-growing satellite internet network generating significant revenue, and xAI, Elon Musk’s AI venture, which created the Grok chatbot.
