Already the richest person on the planet, Elon Musk is now the world’s first trillionaire, or someone wealthy enough to spend $1 million every day for 2,700 years, thanks to the IPO of his company SpaceX.
SpaceX’s long-awaited initial public offering (the first time a privately held company goes public by offering its shares to the public) raised $75 billion, valuing the company at about $1.77 trillion.
Instead of offering a range of stock prices like most IPOs, SpaceX set a fixed price of $135 per share. So investors had to take it or let it go. They accepted and bought 555.6 million shares. The company began trading on the Nasdaq on June 12 under the ticker symbol SPCX.
But the rise in Musk’s net worth has also garnered attention, increasing by 26% from about $793 billion to $1 trillion. Depending on SPCX’s stock price, his net worth could fluctuate further.
How much more is Elon Musk worth?
If you can’t see the graphic, click here to reload the page.
That doesn’t mean Mr. Musk has $1 trillion in cash. Instead, he has a paper net worth (an estimate based on the market value of the assets he owns, including SpaceX and Tesla) of about $1 trillion. This reflects the value of his stock in SpaceX, not actual cash.
How SpaceX’s value compares to other IPOs
How much is 1 trillion dollars?
One trillion (12 zeros) is a very large number, so it can be difficult to understand in ordinary language. Some comparisons may be helpful.
Let’s start by looking at the estimated time it would take to spend $1 trillion.
- $1 per second: 31,700 years
- $1 million per day: 2,738 years
- $1 million per hour: 114 years
How big would a bundle of $1 trillion bills be? Here’s how they compare to other impressive amounts:
Or consider building up $1 trillion in cash.
- 1 dollar bill: 67,866 miles elevation
- 100 dollar bill: 679 miles high
How else can you measure $1 trillion?
As a percentage of:
- US GDP: 3.1% (based on annualized GDP of approximately $31.8 trillion in Q1 2026).
- US federal spending: 14.3% (based on approximately $7 trillion in spending in fiscal year 2025).
- US federal deficit: 56.3% (based on the Congressional Budget Office’s fiscal year 2025 deficit figure of $1.775 trillion).
If $1 trillion were to be distributed equally among all Americans, assuming a population of 342.6 million, it would be $2,919 per person.
SOURCE USA TODAY NETWORK REPORTS AND INVESTIGATIONS. Reuters; Renaissance Capital; Forbes.com; U.S. Census Bureau. U.S. Securities and Exchange Commission. Investopedia; Motley Fool
