The world’s richest man is rocketing toward a new milestone.
Elon Musk is getting closer to becoming the world’s first trillionaire as his aerospace company, SpaceX, goes public at an astronomical price. At the initial public offering price of $135 per share, his SpaceX stock is worth $688 billion, bringing his total net worth to $971 billion, according to Bloomberg.
Before SpaceX’s IPO was priced on Thursday, Bloomberg pegged Musk’s net worth at $696 billion. His private stake in SpaceX accounted for the majority of that; Bloomberg calculated it was worth $426 billion based on a $1.03 trillion valuation. Shares in Musk’s other companies — electric carmaker Tesla, brain-chip company Neuralink, and tunneling business The Boring Company — made up the bulk of the rest.
We did some back-of-the-napkin math to find out what it would take for Musk to reach the four-comma club.
All things equal, Musk’s SpaceX stake would have to be worth $717 billion for him to become the first-ever trillionaire. To get to that point, SpaceX would need to hit a share price of $140.71 after it starts trading on Friday.
At the time of SpaceX’s market debut, Musk will own about 39% of SpaceX’s outstanding shares. He has the potential to unlock another 10% that vests if certain performance conditions are met.
Even without hitting the trillion-dollar mark, Musk is by far the world’s wealthiest person. Google cofounder Larry Page is a distant second, with a net worth of $310 billion, according to Bloomberg.
Musk’s net worth shot up 163% over the past year.
The jump largely reflects SpaceX’s growing valuation. The company’s value doubled from July 2025 to December 2025 after it was valued at $800 million in a secondary sale. That’s before it merged with xAI, Musk’s AI company, in February 2026.
Tesla’s stock also grew, though not at such a dramatic rate. The electric carmaker’s share price is up 22% over the past year, and Musk’s stake is now worth $165 billion.
It’s left him $29 billion shy of trillionaire status.
That’s only a 3% increase to Musk’s net worth — but about the size of Malta’s entire gross domestic product.
