Businessman Elon Musk is expected to reach an estimated net worth of US$1.1 trillion this Friday (June 12, 2026), when shares of the company begin trading. The space rocket development company held its initial public offering (IPO) on Thursday (June 11), which raised US$75 billion.
Musk’s stake in SpaceX is now valued at around $866 billion. The calculation of your assets also takes into account your participation in Tesla and other companies and investments, including shares that will be released over time.
The increase in Musk’s assets is related to the valuation attributed by the market to SpaceX after the IPO.
In addition to the space launch business, SpaceX controls Starlink, a satellite internet division that has thousands of satellites in orbit and operates in several countries, and xAI, an artificial intelligence startup that develops the Grok chatbot, which competes with Claude, from Anthropic, and ChatGPT, from OpenAI.
SpaceX’s current value takes into account the growth prospects of its different businesses. With the IPO, investors began to attribute a higher value to SpaceX, which increased the value of Musk’s stake in the company and increased his estimated net worth to more than US$1 trillion.
Before SpaceX’s public offering, Forbes estimated Musk’s net worth at approximately $780 billion. At the time, he ranked 1st among the richest people in the world, ahead of Larry Page, co-founder of Alphabet.
Tesla, SpaceX and other businesses
Musk was born in 1972, in Pretoria, South Africa. Son of a Canadian mother and a South African father, he studied at the University of Pennsylvania, where he graduated in 1997. In 2008, he took on the role of CEO of Tesla. He is also CEO of SpaceX and, in 2022, acquired what was then Twitter, now X, for US$44 billion.
In addition to Tesla and SpaceX, Musk founded other companies such as Neuralink.
During his tenure at Tesla, the company faced legal disputes and shareholder questions related to the company’s management. In 2018, Musk’s compensation package was valued at US$56 billion.
Over the years, Musk has had public disagreements with regulators, investors, journalists and media outlets, often through social media.
In 2025, Musk was in charge of DOGE (Department of Government Efficiency) of the government of the President of the United States, Donald Trump (Republican Party). The businessman also contributed financially to the campaign that brought Trump back to the White House and acted as a consultant for the initiative.
Subsequently, the relationship between Musk and Trump was marked over public policies and government spending, resulting in a public dispute between the 2.
In the same period, Tesla recorded a drop in sales in some international markets and was the target of protests and boycott campaigns by consumers.
