SpaceX’s IPO has sent Elon Musk’s fortune to a level few investors could have imagined, briefly pushing his net worth past $1 trillion. That figure even came close to Bitcoin’s total market capitalization, which was around $1.3 trillion.
The surge has reinforced Musk’s distance from every other major tech billionaire. Even after SpaceX shares eased, his lead over the world’s second-richest person remained enormous.
SpaceX becomes the main driver
SpaceX has built its appeal on commercial rocket launches, a global satellite internet network through Starlink, and spacecraft development. When the company listed on Nasdaq under the ticker SPCX, its market valuation was set at $1.77 trillion, or about Rp31,683 trillion.
The IPO priced shares at $135 each, but trading opened at $150 and later climbed to $218 before pulling back from that peak. At the high point, Musk became the first trillionaire in history, with wealth recorded at more than $1 trillion, or Rp17,781 trillion.
A lead that leaves rivals far behind
By June 2026, the global wealth ranking remained dominated by technology figures, with Musk in first place, followed by Larry Page, Sergey Brin, Jeff Bezon, and Mark Zuckerberg. The gap between Musk and the rest stayed wide even after the SpaceX rally cooled.
Larry Page, in second place, held assets worth $257 billion, or Rp4,569 trillion. Forbes later reported Musk’s wealth at around $839 billion after SpaceX shares slipped to $201 on Wednesday (17/06/2026).
Musk’s fortune rests on more than SpaceX
Musk’s financial strength is not tied to a single company. His 11 percent stake in Tesla remains a major pillar of his wealth, even as the company shifts toward physical AI and humanoid robots.
He also has support from a $3.42 billion investment in Neuralink and involvement in The Boring Company. That mix has helped keep his fortune exceptionally large despite the recent movement in SpaceX shares.
SpaceX stock has risen nearly 50 percent from its IPO price, helping drive the company’s valuation toward $3 trillion. The move has strengthened Musk’s position as a business figure whose influence now reaches far beyond the space industry.
Market reaction and tax debate follow
The wealth milestone has also drawn attention from the crypto market. Analyst Scott Melker said Musk’s moves could support Bitcoin if even a small portion of his wealth were shifted into digital assets.
At the same time, the record has revived debate over wealth taxes in the United States. Senator Elizabeth Warren argued that the current system benefits a small group of very wealthy people while many citizens still struggle to access basic services.
Supporters of Musk have pushed back against the idea that large stock sales for taxes would be harmless. Anatoly Yakovenko said such steps could slow high-tech growth and reduce job creation.
For now, Musk remains the clearest symbol of how SpaceX’s market debut has reshaped global wealth, placing his fortune near Bitcoin’s scale and far beyond other technology moguls.