Media365
A nearly 20 per cent jump in SpaceX shares added $165 billion to Elon Musk’s wealth in a single day, lifting his net worth to an unprecedented $1.3 trillion after the company’s blockbuster IPO
Elon Musk’s net worth surged to an unprecedented $1.3 trillion after shares of SpaceX jumped nearly 20 per cent in the company’s first full trading session following its blockbuster initial public offering (IPO), further cementing his position as the world’s richest individual.
SpaceX shares climbed more than 19.5 per cent to close above $192, extending the strong momentum seen during the company’s market debut on Friday, when the stock gained around 19 per cent. Shares of electric vehicle maker Tesla, another key component of Musk’s wealth, also edged up 1.2 per cent during the session.
The rally added an estimated $164.8 billion to Musk’s fortune in a single day, lifting his net worth to a record $1.3 trillion. The wealth surge places him nearly $1 trillion ahead of the world’s second-richest person, Google co-founder Larry Page, whose fortune stands at about $301.4 billion, according to Forbes estimates.
The latest jump marks another milestone in Musk’s extraordinary wealth creation journey. The billionaire entrepreneur became the
world’s first trillionaire following SpaceX’s market debut last week, when his fortune crossed the $1 trillion mark for the first time.
SpaceX stake drives wealth surge
Musk’s massive fortune is largely tied to his holdings in SpaceX. He owns approximately 4.8 billion shares in the aerospace company, along with around 350 million stock options carrying an exercise price of $8.40 per share. Together, the holdings give him a stake of roughly 38 per cent in the company.
The sharp rise in SpaceX’s share price significantly boosted the value of those holdings, making the space exploration company the primary driver behind Musk’s latest wealth gain.
Prior to Monday’s rally, SpaceX’s successful stock market debut had already pushed the value of Musk’s stake in the company to roughly $821 billion, accounting for the majority of his personal fortune.
Historic IPO draws massive demand
SpaceX also disclosed that it raised $85.7 billion through its IPO after underwriters exercised an option to purchase an additional 83.3 million shares in response to overwhelming investor demand.
The company had initially raised about $75 billion through the offering. Market estimates suggest total investor demand exceeded $350 billion, including roughly $100 billion from retail investors and about $250 billion from institutional buyers.
The fundraising ranks among the largest equity offerings ever completed and reflects strong investor enthusiasm for the commercial space industry and SpaceX’s dominant position within it.
Rapid rise in wealth
Musk’s wealth has expanded at a remarkable pace over the past year. He crossed the $500 billion mark in October before surpassing $600 billion in December. Just four days later, his fortune exceeded $700 billion, underscoring the rapid appreciation in the value of his technology and aerospace holdings.
The latest surge to $1.3 trillion highlights the growing influence of private space ventures in global capital markets and further widens the gap between Musk and every other billionaire on the planet.
With SpaceX now publicly traded and investor appetite remaining strong, analysts say Musk’s fortune will increasingly be tied to the company’s performance as it expands its satellite internet, launch services and deep-space exploration ambitions.
First Published:
June 16, 2026, 07:32 IST
End of Article
