As of June 11, Elon Musk is about to turn into a trillionaire as a result of record-breaking worth of SpaceX’s IPO. On Thursday, SpaceX priced its IPO at $135 per share, implying a $1.8 trillion market cap for the corporate. This could considerably increase Elon Musk’s web price, making the richest man on the planet that a lot richer.
In keeping with calculations carried out by Forbes, the record-breaking SpaceX IPO worth boosted Musk’s web price by $188 billion. This could make his whole web price an estimated $982 billion. If SpaceX’s inventory worth climbs to $138.50 per share when buying and selling begins on Friday, and Tesla’s inventory worth stays unchanged, Musk will turn into the primary trillionaire in world historical past.
There are literally a number of ways in which Musk may turn into a trillionaire by the top of the week. If Tesla’s inventory rises from $399 to $424 per share, and SpaceX’s share worth stays at $135, he would additionally turn into a trillionaire. Nevertheless, that is much less more likely to occur as a result of the SpaceX IPO is closely oversubscribed.
What Is Musk’s Function In SpaceX?
Musk at the moment serves as chairman, CEO, and chief technical officer of SpaceX. He at the moment owns 4.8 billion shares, that are price $644 billion, in line with Forbes. The publication studies that he additionally has an extra 350 million inventory choices with an train worth of $8.40 per share, that are price $44 billion. This offers him a 38% stake within the firm, valued at roughly $688 billion on the IPO worth.
Musk additionally owns simply over 10% of Tesla, which has a $1.5 trillion market cap, price roughly $165 billion. He additionally has the choice to amass an extra 8% stake, valued at round $114 billion. Nevertheless, that’s not all. He additionally has stakes within the startup Neuralink and his agency Boring Firm, which additionally boosts his web price.
Elon Musk Left DOGE In 2025
In Might 2025, the BBC reported that Musk left the Trump administration and the Division of Authorities Effectivity, which confronted authorized challenges over his work. Musk and his crew had been closely criticized for his or her lack of transparency and for failing to realize the financial savings targets that they had beforehand introduced.
Regardless of its identify, DOGE was by no means an official authorities division, which may solely have ever been established by an act of Congress. The advisory board was created by means of an government order signed by U.S. President Donald Trump. Though many employees members had technical backgrounds, many seemingly had little to no expertise working in authorities.
Musk Served As An ‘Unpaid Particular Authorities Worker’
Though Musk had initially stated he was volunteering for the place, the White Home later confirmed that he had been serving as a authorities worker, albeit with out pay. Initially, Musk stated he hoped to save lots of the federal government $2 trillion a yr, however he didn’t come anyplace close to that quantity earlier than he left his place.
In February 2025, a ballot performed by CBS Information recommended {that a} majority of Individuals supported DOGE’s work. David Ditch, a senior analyst on the Financial Coverage Innovation Heart, was vocal about his assist for DOGE, asking:
“They’re shining a really vibrant highlight on varied components of the federal authorities, and so they’re asking – whether or not it’s the American public, whether or not it’s reasonable members of the Republican caucus – is that this the way you need America’s tax {dollars} for use?”
Inside Elon Musk’s Private Life
Musk was born in South Africa in June, 1971. He was married thrice: twice to British actress Talulah Riley and as soon as to Canadian creator Justine Musk. He has been in a number of high-profile relationships since his final divorce, together with one with Canadian musician Grimes.
Musk has six youngsters with Justine Musk, three with Grimes, 4 with Neuralink and Tesla government Shivon Zilis, and one with political commentator Ashley St. Clair. The media persona has been utilizing TikTok to make clear her relationship with Musk.
As The Blast beforehand reported, she revealed that issues “began going south” after she acquired pregnant with their son. When one person left a remark asking if she was getting anxious about being sued for defamation, she replied, “His firm xAI is suing me for a phrases of service violation after I sued them for Grok making express photographs of me as a baby, so I wouldn’t be shocked.”
