NEW YORK – Web Desk: Tesla founder Elon Musk has become the first person in history whose total wealth has surpassed one trillion dollars, according to media reports.
The milestone was primarily achieved following a record-breaking Initial Public Offering (IPO) by his space company SpaceX, which raised approximately $75 billion — the largest IPO in history. Following the offering, SpaceX’s valuation surged past $1.7 trillion, dramatically increasing the value of Musk’s SpaceX holdings and pushing his total net worth beyond $1.1 trillion.
Musk’s major assets include stakes in Neuralink, xAI, Tesla, and The Boring Company, but SpaceX’s increased valuation played the largest role in the recent surge. Experts note that most of this wealth is “paper wealth,” meaning it depends on the market value of company shares. If share prices decline significantly, Musk’s total wealth could also decrease.
