World
Elon Musk makes history as world’s first trillionaire
Elon Musk has reportedly become the first person in history to see his net worth exceed the $1 trillion mark, following the pricing of SpaceX’s much-anticipated initial public offering (IPO) at $135 per share.
Before the IPO, Musk’s wealth was already estimated at about $813 billion, cementing his position as the world’s richest person.
The latest valuation of SpaceX significantly boosted the value of his holdings, pushing his fortune beyond the unprecedented $1 trillion threshold on paper.
The milestone further widens the gap between Musk and other global billionaires. According to Forbes estimates, his wealth before the IPO was already more than twice that of the world’s second-richest person, Google co-founder Larry Page, whose net worth is estimated at $288 billion.
The formal pricing of SpaceX shares at $135 each pushed Musk’s net worth to just over $1 trillion. The stock, which will trade under the ticker symbol “SPCX,” is expected to begin trading on Friday when the Nasdaq Composite opens at 9:30 a.m.
Musk’s fortune could rise further if SpaceX shares climb above the IPO price. However, a decline in the stock could see his wealth fall back below the trillion-dollar threshold.
The milestone highlights a level of personal wealth rarely seen in modern history. A trillion dollars rivals the economic output of some of the world’s largest economies. According to World Bank data, only 19 countries have gross domestic products exceeding $1 trillion, including the United States and the Netherlands.
The development has also renewed debate about wealth inequality. Oxfam America senior director of economic justice Nabil Ahmed described Musk’s growing fortune as evidence of a widening gap between the ultra-rich and the rest of society.
“Elon Musk’s rise to trillionaire status marks a new pinnacle of oligarchy,” Ahmed said.
The SpaceX IPO is also expected to create substantial wealth for thousands of employees and investors. According to the New York Times, approximately 4,400 SpaceX workers could become millionaires once trading begins.
Musk, however, remains the biggest beneficiary due to his substantial ownership stake in the company.
According to SpaceX’s IPO filing, Musk owns 4.8 billion shares of the company, representing about 42 percent of the business. He also holds 350 million stock options exercisable at $8.39 per share.
At the IPO price of $135 per share, Musk’s equity stake is valued at approximately $648 billion, while his stock options add another $44.3 billion to his wealth.
Forbes had previously valued Musk’s pre-IPO SpaceX holdings at around $500 billion. The public offering therefore adds roughly $192.3 billion to the value of his SpaceX stake, lifting his overall net worth to an estimated $1.005 trillion.
According to Oxfam, that fortune exceeds the combined wealth of the bottom 46 percent of the global population, or about 3.8 billion people.
Follow Us on Google Discover
Alleged rights violation: Fagbemi seeks dismissal of El-Rufai’s N1bn suit
Alleged forgery: Court frees Uche Nnaji’s passport, clears way for overseas medical treatment
21 Days have come and gone, you are still on vacation, who is in charge of Nigeria – Atiku tackles Tinubu
JAMB fires staff over alleged extortion of candidates
2027: APM names Safriel Glah as running mate for Adamawa governorship poll
Protest rock Taraba Nursing College as hoodlums attack female hostel, rape student
By what magic are you going to force people to farm? – Sowunmi knocks Peter Obi
“The Pits You Dig for Me, You Shall Fall Into It – Sen. Natasha blast Akpabio over leaked audio
JAMB allows candidates to change lost phone numbers, emails under new verification rules
Hardship: Civil Servants ask Tinubu to stabilise petrol at N500, pay N500,000 minimum wage
Nigerian Navy denies recruitment notice circulating online
JAMB relaxes rules, allows candidates to change registered phone numbers, emails
Tinubu to appoint Wike as Rivers, FCT campaign council coordinator amid rift with APC Govs
Nigeria set to address UN General Assembly Thursday
Mambilla Project: EFCC opens probe into Adesanya, Atiku, Malami, others named in Tribunal Award
BREAKING: Tinubu confirms absence from 81st UN General Assembly in New York, directs Shettima to lead Nigerian delegation
Tinubu to appoint Wike as Rivers, FCT campaign council coordinator amid rift with APC Govs
‘We Won’t Go Back to Egypt’ — Showunmi rejects Atiku’s petrol subsidy proposal
NSCDC releases names of 37 suspected illegal miners who died in custody (Full list)
Four Nigerians receive UNGA Humanitarian, Goodwill Ambassador honours in New York
Crisis looms in NDC as OK Movement clash with pary chairman, Head of Operations resign over campaign council list
NDC disowns OK Movement campaign council, refers John Ugulu for discipline
ECOWAS court set to hold 2026 international conference in Dakar
NSCDC names new Niger commandant following death of miners in custody
Raphinha set to sign new Barcelona contract until 2030
Falconets crash out of 2026 U-20 Women’s World Cup after 1-0 loss to Colombia
‘Why are afraid of entering America?’, Atiku blasts Tinubu for missing third consecutive UNGA
Mambilla Project: EFCC opens probe into Adesanya, Atiku, Malami, others named in Tribunal Award
Hardship: Civil Servants ask Tinubu to stabilise petrol at N500, pay N500,000 minimum wage
