Ilon Mask became the world’s first trillionaire

Ilon Mask became the world’s first trillionaire

Ilon Mask became the first person in the world whose wealth exceeded $1 trillion.

This was reported by Reuters.

This happened after SpaceX’s initial public offering, which brought the company a record $75 billion.

What were the IPO results

According to the agency’s calculations, SpaceX held an initial public offering (IPO) and raised $75 billion.

Before the share sale, Ilon Mask’s net worth was estimated at around $780 billion.

According to Reuters, after SpaceX went public, the bulk of Mask’s wealth comes from his stake in the company, which is valued at about $866 billion.

Taking into account assets in Tesla and other companies, his total wealth will exceed $1.1 trillion after SpaceX’s shares begin trading.

«The second richest person in the world has wealth of approximately $300 billion — that is less than a third of how much Mask could potentially be worth tomorrow. And only one person in history, Oracle founder Larri Ellison, ever reached the $400 billion mark,» — noted Forbes deputy editor-in-chief Mett Durot.

More about SpaceX’s IPO

The company has been preparing for an IPO since 2025.

Company revenue is expected to grow from about $15 billion in 2025 to $22–24 billion in 2026.

In March 2026 it became known that SpaceX plans to list its shares on Nasdaq to get into the Nasdaq 100 even before the IPO.

At the end of January 2026 Ilon Mask considered potential merger options for SpaceX with carmaker Tesla or AI startup xAI amid preparations for a large IPO. Investors in the companies promoted this idea.

The argument was that Mask’s different businesses could complement each other in the event of a merger. For example, SpaceX plans to put data centers for heavy computing into orbit, which could be an advantage for the development of xAI’s artificial intelligence.

In May xAI ceased to exist as a separate organization. Instead it is being transformed into the SpaceXAI direction, which will unite all artificial intelligence products under the SpaceX name. This is happening against the backdrop of the IPO.

In early June it became known that SpaceX plans to set a fixed price for the initial public offering (IPO) at $135 per share and raise roughly $75 billion.

Recall that on June 2 Anthropic filed a confidential submission with the U.S. Securities and Exchange Commission to conduct an initial public offering (IPO).

The confidential filing format allows the company to go through the initial review stage without publicly disclosing financial and operational information.

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