The world’s richest man is rocketing toward a new milestone.<\/p>\n
Elon Musk is getting closer to becoming the world’s first trillionaire as his aerospace company,\u00a0SpaceX, goes public<\/a>\u00a0at an astronomical price. At the initial public offering price of $135 per share, his SpaceX stock is worth $688 billion, bringing his total net worth to $971 billion, according to Bloomberg.<\/p>\n Before\u00a0SpaceX’s IPO<\/a> was priced on Thursday, Bloomberg pegged Musk’s net worth at $696 billion. His private stake in SpaceX accounted for the majority of that; Bloomberg calculated it was worth $426 billion based on a $1.03 trillion valuation. Shares in Musk’s other companies<\/a> \u2014 electric carmaker Tesla, brain-chip company Neuralink, and tunneling business The Boring Company \u2014 made up the bulk of the rest.<\/p>\n We did some back-of-the-napkin math to find out what it would take for Musk to reach the four-comma club.<\/p>\n All things equal, Musk’s SpaceX stake would have to be worth $717 billion for him to become the first-ever trillionaire. To get to that point, SpaceX would need to hit a share price of $140.71 after it starts trading on Friday.<\/p>\n At the time of SpaceX’s market debut, Musk will own about 39% of SpaceX’s outstanding shares. He has the potential to unlock another 10% that vests if certain performance conditions are met.<\/p>\n Even without hitting the trillion-dollar mark, Musk is by far the world’s wealthiest person. Google cofounder Larry Page is a distant second, with a net worth of $310 billion, according to Bloomberg.<\/p>\n Musk’s net worth shot up 163% over the past year.<\/p>\n The jump largely reflects SpaceX’s growing valuation. The company’s value doubled from July 2025 to December 2025 after it was valued at $800 million in a secondary sale<\/a>. That’s before it merged with xAI<\/a>, Musk’s AI company, in February 2026.<\/p>\n Tesla’s stock also grew, though not at such a dramatic rate. The electric carmaker’s share price is up 22% over the past year, and Musk’s stake is now worth $165 billion.<\/p>\n It’s left him $29 billion shy of trillionaire status.<\/p>\n That’s only a 3% increase to Musk’s net worth \u2014 but about the size of Malta’s entire gross domestic product.<\/p>\n","protected":false},"excerpt":{"rendered":"The world’s richest man is rocketing toward a new milestone. Elon Musk is getting closer to becoming the…\n","protected":false},"author":2,"featured_media":731297,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[31884,4536,263304,250,263305,43,164,48020,44,83347,263306,21353,6888,235873,41,39,42,40,39013,263307,3275],"class_list":["post-731296","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-aerospace-company","tag-bloomberg","tag-electric-carmaker-tesla","tag-elon-musk","tag-first-trillionaire","tag-headlines","tag-ipo","tag-net-worth","tag-news","tag-past-year","tag-private-stake","tag-share","tag-spacex","tag-spacex-stock","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-valuation","tag-wealthy-person","tag-world"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/731296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=731296"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/731296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/731297"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=731296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=731296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=731296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}