Space Exploration Technologies Corp. (SpaceX) raised $75 billion in the transaction, pricing 555.6 million Class A shares at $135 each.
The share sale highlights strong investor enthusiasm for the business, which is now valued at approximately $1.77 trillion.
Prior to the public listing, Forbes pegged the net worth of Elon Musk at roughly $780 billion.
The next individual in line, Alphabet Inc. (GOOGL) co-founder Larry Page, was positioned far behind.
Matt Durot, deputy editor at Forbes Wealth, noted that the second richest person has hovered around $300 billion, which is less than one-third of the wealth concentrated in the SpaceX founder's portfolio.
Only one other executive, Oracle Corporation (ORCL) co-founder Larry Ellison, has ever managed to surpass the $400 billion mark.
Most of the billionaire's wealth now rests directly with SpaceX, where he holds an equity stake worth roughly $866 billion.
When combined with his holdings in electric-vehicle manufacturer Tesla Inc. (TSLA) and other commercial entities, his total net worth is calculated to exceed $1.1 trillion on paper as public trading commences on the Nasdaq stock market.
The newly listed company will trade under the ticker symbol SPCX.
The scale of this public debut surpasses the 2019 listing of Saudi Arabian Oil Group (Saudi Aramco), which previously stood as the largest public offering achieved in global financial history.
Company filings reveal that the newly minted trillionaire retains tight control over corporate governance, holding approximately 84.4 percent of the combined voting power through a dual-class share structure.
His position includes 849.5 million Class A shares and 5.57 billion Class B shares.
The astronomical valuation comes despite the enterprise remaining loss-making during its rapid revenue expansion.
Financial statements show revenue climbed to $18.7 billion in 2025, up from $14 billion in 2024.
However, net losses widened to $4.9 billion from an operating profit of $791 million a year earlier, partly due to the integration of historical financial figures from xAI and X Holdings.
A significant portion of the calculation remains theoretical, depending on volatile equity valuations rather than cash holdings.
The total net worth figure also relies heavily on performance-based stock awards.
These equity awards remain tied to ambitious long-term milestones, including specific market capitalization targets, the establishment of a permanent human colony on Mars with at least one million inhabitants, and the operational completion of non-Earth-based data centers.
While corporate admirers view his unvarnished personal style as part of his core appeal, critics point to the immense concentration of wealth.
Concerns have been raised by independent analysts regarding corporate governance across his business empire, alongside his increasingly partisan political interventions.
The corporate footprint of the firm has evolved significantly since its founding in 2002.
What began as a specialized launch provider has transformed into a diversified technology conglomerate encompassing orbital rocket launches, Starlink satellite internet services, and specialized artificial intelligence infrastructure.
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