Elon Musk’s Net Worth Updated 2026: SpaceX Makes History on Wall Street and Surpasses $2 Trillion

SpaceX, founded by Elon Musk in 2002, made financial history on Friday with the largest initial public offering (IPO) ever recorded. Its shares opened at $150, rising to $164, valuing the company at over $2 trillion and positioning it as the sixth-largest publicly traded firm in the U.S. Demand exceeded $350 billion, far surpassing the available stock. The IPO boosted Musk’s net worth beyond $1 trillion, making him the first trillionaire in modern history. He retains 84.4% voting control, ensuring continued influence over SpaceX’s direction. The company’s diversified revenue streams—commercial launches, NASA contracts, Starlink, and AI—fueled investor optimism, despite reporting $5 billion in losses last year due to AI-related expenses. SpaceX’s $75 billion IPO surpassed Saudi Aramco’s 2019 record by more than double, with retail investors requesting $100 billion in shares. Institutional buyers acquired over 70% of the offering. The company plans to invest $20 billion in AI, including data centers and semiconductor infrastructure, aiming to integrate AI with future space colonization efforts. Analysts note SpaceX’s valuation is exceptionally high relative to its $18.7 billion in 2025 revenue, driven by its dominance in orbital mass launches—accounting for over 80% of global launches in the past three years. The IPO signals a shift in capital markets, potentially paving the way for AI-focused firms like OpenAI to follow suit. Critics highlight the company’s heavy AI investments as a risk, with losses attributed to xAI and related projects. Musk has framed AI as critical to connecting human settlements across Earth, the Moon, and Mars. The IPO’s success underscores SpaceX’s pivotal role in both space exploration and emerging technologies.