Elon Musk’s Net Worth Hits $1.3 Trillion as SpaceX Nears $3 Trillion Valuation

Elon Musk’s net worth climbed to roughly $1.3 trillion as SpaceX shares extended a blistering post-listing rally toward a $3 trillion valuation. The surge followed the largest initial public offering (IPO) in history and widened Musk’s lead as the richest person on the planet.

At roughly $1.3 trillion, Musk’s fortune is worth around 65% as much as the next nine richest people combined. The bulk of that wealth is now tied to SpaceX, which closed its first trading day valued at about $2.1 trillion and ranked among the largest U.S. companies by market value within hours of listing.

That said, not everyone is convinced the rally is sustainable. Skeptics argue that SpaceX’s valuation has outrun its fundamentals, comparing the broadband-heavy business unfavorably to early Amazon and warning that the premium could compress once post-IPO momentum fades and lockup-driven selling emerges.