SpaceX IPO scripts history: Elon Musk becomes world’s first trillionaire

Elon Musk is on the verge of becoming the world's first trillionaire following SpaceX's groundbreaking initial public offering (IPO), which has raised an astonishing $75 billion. This milestone highlights the immense investor interest in the ventures that comprise Musk's expansive portfolio. Reports indicate that Musk's wealth will surpass $1.1 trillion when the company's stock begins trading on Friday. Currently, Musk owns nearly 42% of SpaceX's common stock, translating to approximately 4.8 billion shares, along with stock options that secure him a total equity stake within the 40-42% range. This stake grants him around 80% voting control of the company due to a dual-class share structure, with his portion of the equity valued at about $860 billion. As per the Bloomberg Billionaire Index, Musk's net worth is currently estimated at $971 billion. In 2026 alone, he has added a remarkable $351 billion to his fortune. This positions him as more than three times wealthier than Larry Page, who ranks second at $304 billion, while his wealth exceeds that of Sergey Brin and Jeff Bezos combined. Musk's prominence in popular culture is unmatched, stemming from his leadership roles at Tesla and SpaceX, which have solidified his status as a central figure in the digital age. Despite growing public scrutiny over wealth inequality and increasing discontent towards the ultra-rich, Musk continues to enjoy a dedicated following, differing from the more relatable personas of business icons like Warren Buffett. Before the IPO, Forbes estimated Musk's wealth at approximately $780 billion, significantly leading the billionaire rankings. With a majority of his wealth tied to SpaceX, his stake there is approximately $866 billion. While many admire his candid communication style, critics have voiced concerns about his significant influence, governance practices at his companies, and his increasingly partisan political involvement. Musk gained fame through his ventures with Tesla and SpaceX, and further broadened his impact with the $44 billion acquisition of Twitter in 2022. This move provided him direct access to a massive audience, making him a significant voice in discussions around politics, immigration, government spending, and free speech. His engagement in political matters, particularly his controversial role in US President Donald Trump’s Department of Government Efficiency, has sparked debate. This political involvement coincided with declining Tesla sales in several global markets in 2025, as consumer backlash and protests targeted the electric vehicle manufacturer. Born in Pretoria, South Africa, in 54 years ago, Musk is the son of a Canadian mother and South African father. He graduated from the University of Pennsylvania in 1997 and became Tesla's CEO in 2008, advocating for electric vehicles that combine high performance with advanced software features, a shift that has influenced traditional automakers to embrace electric technology.