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Canadian Elon Musk has just crossed a threshold that other billionaires can only dream of reaching: becoming the world’s first-ever trillionaire.
Elon Musk, who holds citizenships in South Africa, Canada, and the United States, saw his net worth surge to an estimated US$1.1 trillion when SpaceX went public on Friday, reports Forbes. The company is now valued at nearly US$2 trillion, dramatically increasing the fortune of the 54-year-old entrepreneur, who has a 38 per cent stake in the company.
Musk is also the chairman, CEO, and chief technical officer of the U.S.-based private aerospace company, which was founded in 2002. In addition, he owns Tesla Inc., xAI, X (formerly Twitter), Neuralink Corporation, and The Boring Company.
In a video that Musk shared on Friday, he stated in his speech, “It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever. If people had told me this was going to happen, I was like, man, you must be smoking some really good crack, because I think this company is gonna fail. I gave SpaceX less than a 10 per cent chance of succeeding at all.”
“It is certainly hard to believe that a little company (@SpaceX) that started in a warehouse in El Segundo is now going public with the largest IPO ever.” @elonmusk pic.twitter.com/zLcXt0gJ97
— Tesla Owners Silicon Valley (@teslaownersSV) June 12, 2026
For perspective, The Wall Street Journal shared a clip demonstrating how US$1 trillion in stacked pennies would reach the moon and the earth twice.
