Elon Musk, CEO of Tesla and SpaceX, has officially become the world’s first trillionaire after SpaceX’s highly anticipated initial public offering (IPO) on Friday.

According to Bloomberg, Musk’s net worth surged to $1 trillion on Friday, up from approximately $707 billion earlier in the week, driven by the strong market debut of his aerospace company.

SpaceX, the aerospace manufacturer and satellite operator, priced its shares at $135 each in the IPO, raising a record $75 billion through the sale of about 555.56 million shares and achieving an initial valuation of roughly $1.77 trillion. This surpasses the previous record set by Saudi Aramco in December 2019, which raised $25.6 billion and reached a valuation of $1.71 trillion.

Adam Sarhan, CEO of 50 Park Investments in New York, noted that the real test for SpaceX will be market performance over the coming weeks rather than the first day of trading. “The pricing came in just about right – not too hot, not too cold,” he said. “Clearly retail investors are buying and, at this stage, they are a big component of this. We need to see follow-through after the first day of trading.”Shares of SpaceX (ticker: SPCX) debuted on the Nasdaq above the offering price, opening around $150 and climbing as high as $176 intraday. The stock was trading near $172 later in the session, pushing the company’s market capitalization to approximately $2.22 trillion.

SpaceX’s June 2026 S-1 filing indicated that Musk owns about 4.76 billion shares, along with 350,000 exercisable options, giving him a substantial stake that propelled his wealth into trillionaire territory when combined with his Tesla holdings.

The landmark IPO has also created thousands of new millionaires among SpaceX employees through stock grants and options. While the debut marks a historic milestone, analysts will be closely watching sustained investor demand and the company’s ability to deliver on ambitious goals in space technology, satellite internet, and beyond.