{"id":115356,"date":"2026-06-15T23:58:09","date_gmt":"2026-06-15T23:58:09","guid":{"rendered":"https:\/\/www.europesays.com\/people\/115356\/"},"modified":"2026-06-15T23:58:09","modified_gmt":"2026-06-15T23:58:09","slug":"spacex-ipo-gives-elon-musk-net-worth-number-that-stuns-wall-street","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/115356\/","title":{"rendered":"SpaceX IPO gives Elon Musk net worth number that stuns Wall Street"},"content":{"rendered":"\n

Elon Musk<\/a> recently posted on X<\/a>, the social media platform he owns, that “whoever said ‘money can’t buy happiness’ really knew what they were talking about.”<\/p>\n

He’s now in a position to test that theory at a scale nobody in history has ever faced.<\/p>\n

On June 12, 2026, SpaceX<\/a> made its long-awaited stock market debut on the Nasdaq. The rocket and artificial intelligence company’s shares surged<\/a> roughly 19% on its first day of trading, closing just above $160 apiece.<\/p>\n

That pushed SpaceX’s (SPCX) total market value past $2 trillion and vaulted Musk into entirely uncharted financial territory.<\/p>\n

The result? Musk, 54, became the world’s first trillionaire, Reuters<\/a> confirmed.<\/p>\n

SpaceX IPO broke every IPO record\u00a0 <\/p>\n

SpaceX<\/a> raised $75 billion in its initial public offering, the biggest IPO<\/a> in history.<\/p>\n

The offering came in running roughly two times oversubscribed, signaling that investor appetite far exceeded the supply of available shares.<\/p>\n

For context, Bloomberg’s wealth index<\/a> puts Musk’s fortune at approximately $1.1 trillion.<\/p>\n

That’s more than three times the net worth of the second-richest person on the planet, Google co-founder Larry Page<\/a>, who sits at around $295 billion, Forbes noted<\/a>.<\/p>\n

Related: Elon Musk reveals his grand ambitions for SpaceX ahead of IPO<\/a><\/p>\n

Oracle founder Larry Ellison<\/a>, Bezos, and Sergey Brin trail further behind, each worth more than $200 billion, Bloomberg indicated.<\/p>\n

“The second richest person has been hovering around $300 billion,” Forbes Wealth Deputy Editor Matt Durot told Reuters<\/a>.\u00a0“And only one other person, Larry Ellison, has ever been worth $400 billion.”<\/p>\n

SpaceX accounts for the vast bulk of Musk’s fortune.<\/p>\n

His roughly 42% stake in the company is worth close to $866 billion, according to Reuters<\/a>.<\/p>\n

Combined with his 12% stake in Tesla, which carries a market cap<\/a> of around $1.5 trillion, and his holdings in X and xAI, his wealth is almost entirely tied to paper assets rather than cash, the BBC<\/a> reported.<\/p>\n

Musk himself noted on X that less than 0.1% of his net worth is held in cash.<\/p>\n

To put $1 trillion in perspective: Steve Cohen, the world’s highest-earning hedge fund<\/a> manager in 2025 with $3.4 billion in earnings, would need to match that figure for nearly 300 consecutive years to reach the same milestone, Bloomberg<\/a> indicated.<\/p>\n

\"SpaceX SpaceX is Elon Musk’s most valuable company.picture alliance&sol;Getty Images SpaceX is now worth more than Tesla\u00a0 <\/p>\n

Until this week, Tesla was the primary way for retail investors<\/a> to gain direct exposure to Musk’s ventures. That changed the moment SpaceX began trading.<\/p>\n

SpaceX has evolved well beyond its rocket launch origins. Its Starlink satellite broadband service, launched in 2019, along with its merger with xAI and X, has made it a sprawling artificial intelligence and connectivity company.<\/p>\n

Bloomberg<\/a> reported that, ahead of the IPO, retail investors had placed orders totaling more than $100 billion for SpaceX shares.<\/p>\n

For BNP Paribas analyst James Picariello<\/a>, much of this enthusiasm traces back to Tesla’s own track record.<\/p>\n

More SpaceX: <\/p>\n

Tesla shares have climbed roughly 35,000% since the company went public in 2010, Bloomberg confirmed. Many Musk followers are hoping SpaceX replicates or tops that run.<\/p>\n

However, given SpaceX’s lofty valuation, a similar run is almost impossible. If SpaceX triples from current levels, it will be the world\u2019s most valuable company.<\/p>\n

Instead, with less than $20 billion in annual sales and a negative profit margin, I believe SPCX stock will underperform<\/a> the broader markets over the next 12 months.<\/p>\n

“There’s only about 15 companies that are worth a trillion dollars today,” said Guardian Wealth Advisors investment advisor Rand Millwood, speaking to Bloomberg<\/a>.<\/p>\n

“Most of them have been around a long time. They’re very successful, cash flow positive \u2014 and that’s not SpaceX.”<\/p>\n

That concern has a broader historical basis. According to research by University of Florida finance professor Jay Ritter<\/a> (2026), tech companies that go public at extreme valuations, specifically price-to-sales ratios above 40, have a dismal long-term track record.<\/p>\n

Related: Former Tesla board member issues candid message on SpaceX stock<\/a><\/p>\n

In Ritter’s<\/a> data, 12 of 14 such companies underperformed the broader market within their first three years of trading.<\/p>\n

SpaceX’s valuation, which has surpassed $2 trillion, puts it squarely in that conversation.<\/p>\n

“Much like Tesla, SpaceX is a bet on Elon Musk,” Renaissance Capital senior strategist Matt Kennedy told Reuters<\/a>. “A market cap of $1.5 trillion to $2 trillion would throw all traditional valuation methodologies out the window \u2014 it’s best characterized as the ‘Elon Musk premium.'”<\/p>\n

The sheer scale of that cultural capital, what market observers call the “Muskonomy,” continues to drive investor behavior in ways that defy conventional financial modeling.<\/p>\n

Whether SpaceX can eventually justify that faith with cash flow is a question Wall Street<\/a> will be watching closely. For now, the world’s first trillionaire is just getting started.<\/p>\n

Related: SpaceX president reveals what investors should be watching<\/a><\/p>\n

This story was originally published by TheStreet<\/a> on Jun 15, 2026, where it first appeared in the Investing<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk recently posted on X, the social media platform he owns, that “whoever said ‘money can’t buy…\n","protected":false},"author":2,"featured_media":115357,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[122],"tags":[552,2085,202,813,203,207,3104,17587],"class_list":["post-115356","post","type-post","status-publish","format-standard","has-post-thumbnail","category-elon-musk","tag-artificial-intelligence","tag-bloomberg","tag-elon-musk","tag-larry-ellison","tag-musk","tag-spacex","tag-spacex-ipo","tag-tesla-shares"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116756840839356542","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/115356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=115356"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/115356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/115357"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=115356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=115356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=115356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}