Elon Musk has become the world’s first trillionaire. Musk, whose influence extends far beyond the technology sector, has made history for yet another reason. Already a global figure due to companies like SpaceX, Tesla, X (formerly Twitter), and xAI—and known for sparking controversies with his statements—he has now achieved the milestone of becoming the world’s first trillionaire. According to data from Forbes and Bloomberg, his total net worth has surpassed the one-trillion-dollar mark. This entrepreneur, who was once high on the list of billionaires, has now reached a level of wealth unprecedented in history. However, this journey did not happen overnight. Born in Pretoria, South Africa, Musk displayed an entrepreneurial spirit from a very young age. His journey—ranging from selling homemade chocolates and eggs with his brother to creating his own video game at just twelve years old—was destined to inspire many, even though his childhood was far from easy. He continued to face the harassment he experienced at school and the challenges of social life even later on. He moved to Canada and subsequently to the United States for his education. After studying economics and physics at the University of Pennsylvania, he decided against pursuing a PhD and instead plunged directly into the startup world. During the dot-com boom of the 1990s, he founded two companies, one of which was PayPal. When eBay acquired PayPal for $1.5 billion in 2002, he received a substantial sum of money; however, instead of playing it safe with investments, he poured almost all of it into two high-risk ventures: SpaceX and Tesla.
Today, both companies have revolutionised their respective fields, though there was a time when they were on the brink of collapse due to financial crises. Musk himself has stated in numerous interviews that, during that period, he did not even have enough money left for personal expenses. It was these very investments that eventually made him a billionaire. In June 2010, the company went public on the stock market, achieving a valuation of $2.2 billion; the IPO received an overwhelming response. Since Musk held approximately a 42% stake in the company, his wealth saw an unprecedented surge, propelling him into the trillion-dollar club. Yet, he is not defined solely as an industrialist; he is counted among the world’s most influential and controversial figures. He remains constantly active on social media, where a single post from him can shift the direction of the stock market, the crypto market, or public discourse. In 2022, he acquired Twitter and renamed it ‘X’—a decision that sparked significant controversy; while some hailed it as a victory for freedom of speech, others criticised it as a move that fueled hate speech. He has also achieved significant milestones in the field of artificial intelligence. After initially investing in the sector, he parted ways with the existing company to found a new one, advocating that the development of artificial intelligence must prioritise transparency and the welfare of humanity. His influence has also grown in the political arena; he engaged with US President Trump… He openly supported Donald Trump and played a pivotal role in his election campaign, and subsequently participated in initiatives aimed at enhancing government efficiency; however, public disagreements later arose between them, and reports of a strained relationship surfaced. He frequently voices his opinions on a wide range of topics—from British politics and immigration policy to freedom of speech and artificial intelligence—garnering as many critics as he does supporters. To some, he is a visionary entrepreneur; to others, a controversial billionaire; to others, a maverick. Yet, one fact remains indisputable: he has exerted an influence across business, technology, space exploration, artificial intelligence, and social media that few individuals in modern history have achieved. Now, by becoming the world’s first “trillionaire,” he has added yet another historic milestone to his name.
SpaceX IPO Propels Elon Musk Toward Becoming the World’s First Trillionaire
Elon Musk’s company, SpaceX, has made history in the global stock market. With its IPO listing in the US market today, Elon Musk is on the path to becoming the world’s first trillionaire. This IPO has shattered the record held by Saudi Aramco, and the company’s valuation has surpassed the GDP of many nations. Most surprisingly, investors are lining up to buy SpaceX shares despite the company running at a massive loss. Why are people investing so heavily in a loss-making company? Because investors are betting not just on a single company, but on the future infrastructure of space, the internet, and AI. Watch the full story of the SpaceX IPO and a comprehensive analysis of the future economy.
Elon Musk’s company, SpaceX, is the talk of the world; however, the current buzz isn’t about its rockets, satellites, or space missions, but rather its IPO. SpaceX’s IPO begins trading on the US stock market today. As the name suggests, SpaceX is a major multinational company operating in the fields of space satellite communication and space travel. This IPO has set new records. SpaceX founder Elon Musk is poised to become the world’s first “trillionaire”—a term beyond millionaire, multimillionaire, or billionaire. Musk’s personal wealth has grown to more than three times that of the world’s second-richest person, Larry Page; he has become vastly wealthier than even the wealthiest individuals on the planet. According to Forbes, Musk’s personal net worth exceeds ₹94 lakh crore, whereas Larry Page—in second place—holds a net worth of ₹28 lakh crore; the disparity between the two is striking. This SpaceX IPO is the largest in history. Through it, Musk has raised approximately ₹7,20,000 crore from the market. Following the IPO, SpaceX’s valuation—its total worth—has reached approximately ₹170 lakh crore. This valuation exceeds the GDP of 179 countries and is four times the size of Pakistan’s economy. While Pakistan’s economy stands at around ₹39 lakh crore, the value of Musk’s SpaceX alone is ₹170 lakh crore.
That is, four times that of Pakistan. Now, let us explain what an IPO is. An IPO—or Initial Public Offering—is a method of raising capital from the stock market; it occurs when a private company sells its shares to the general public for the first time. Thanks to this process, the valuation of Elon Musk’s company, SpaceX, more than doubled in just six months; in December of last year, SpaceX’s valuation was 76… The valuation stood at ₹100 lakh crore, a figure that has risen to ₹170 lakh crore following this IPO. The price for a single SpaceX share in the IPO has been set at $135 (approximately ₹12,960). Experts believe this price far exceeds the company’s actual value; nevertheless, people are buying the stock blindly at this inflated rate. Consequently, the IPO has already been oversubscribed nearly fourfold. Oversubscription means that while Elon Musk aimed to raise ₹7.2 lakh crore through this IPO, investors have applied for shares worth approximately ₹28 lakh crore—meaning demand is roughly four times the supply, with four people lining up for every single share. Today, there is a scramble in the US, with people queuing up to invest in SpaceX. Yet, the most significant point is that last year, SpaceX’s total revenue was around ₹1.79 lakh crore, yet it incurred a loss of ₹47,400 crore. The big question remains: why are people willing to invest in a loss-making company? There is a common saying in the US stock market: “People invest in a story before they invest in the numbers.” This is precisely what is happening with Elon Musk; he has a story about the future to tell—a dream—and he is selling that dream. In the case of SpaceX, investors are buying into this vision of the future rather than just shares. Decades ago, when the American company Amazon operated at a loss for years, investors continued to buy its stock because they believed in its business model and were confident it would eventually succeed; today, Amazon is immensely successful. Similarly, in its early years, Elon Musk’s electric car company, Tesla, did not generate significant profits, yet investors continued to back Musk’s vision. They are betting big on three massive future businesses simultaneously: the space business, the internet business, and the AI infrastructure business. The space venture is the world’s largest rocket-launching company, responsible for launching satellites and rockets into space.
In the future, SpaceX plans to extend its missions to the Moon and Mars, which will further boost its revenue. Meanwhile, SpaceX’s Starlink network—comprising thousands of satellites—already provides internet services to 150 countries. Investors believe that Starlink could eventually become SpaceX’s largest business segment. Powering modern AI requires massive amounts of data and extensive data center infrastructure; with its global network and Elon Musk’s continuous, heavy investment in AI, SpaceX is building a colossal infrastructure—arguably the largest of its kind in the world. There was a time when major investors poured money into oil wells, factories, and machinery. Today, however, they are investing in satellites, AI, and the dream of space exploration. Oil companies once attracted the most capital; a prime example is Saudi Arabia’s state-owned oil giant, which launched the largest IPO in history. In 2019, that company raised approximately ₹2.82 lakh crore through its IPO, whereas SpaceX has already raised ₹7.20 lakh crore. SpaceX’s story illustrates how the global economy is shifting: capital that once flowed into oil is now moving toward the internet sector, with AI and space exploration poised to dominate future investment. This explains why investors are lining up to buy SpaceX shares despite the company currently operating at a loss; they are not buying based on today’s earnings, but are investing in the future—and the vision—of the next 10 to 20 years.
now wealthier than the GDP of 174 countries. You could buy Pakistan twice over and still have change left.
Elon Musk currently possesses so much wealth that even if he spent ten million rupees every day, it would take 26,000 years to empty his coffers. How did he earn so much money—more than anyone else in the world—and what can he do with it? Let’s understand. He owns SpaceX and also provides satellite internet services under the name Starlink. In February 2026, Starlink was integrated into SpaceX, forming a unified group. Until then, SpaceX was a private company, meaning the general public could not buy its shares.
The company sets an initial price per share, and people buy shares at that price. This achieves two things: the company raises capital, and the buyers gain a stake in the company. SpaceX set the price at $135 per share and launched a total of 5.5 billion shares—amounting to over ₹7 lakh crore—making it the world’s largest IPO. Interestingly, all of SpaceX’s shares were sold, and the company’s valuation reached $1.78 trillion. Starlink, the satellite internet service company, claims it can provide high-speed internet to any corner of the globe using thousands of satellites in space. Secondly, SpaceX aims to build a network of one million satellites in space by 2028—essentially creating a massive data centre in orbit. Thirdly, in late 2026, SpaceX plans to launch V3 satellites into space using its Falcon and Starship rockets; the company will use the raised funds to expand space infrastructure. Now, let’s look at who else among the world’s wealthiest people follows Musk. Google CEO Larry Page ranks second, with a net worth of approximately ₹28 lakh crore—more than three times less than Musk’s wealth. Meanwhile, India’s two biggest billionaires, Mukesh Ambani and Gautam… Adani ranks 23rd on the Forbes list. Before we wrap up, here is an interesting fact: if his entire wealth were distributed among every person in the world, everyone would receive ₹10,000.