Elon Musk Becomes The World's First Trillionaire!

Elon Musk added more zeros to his net worth on Friday.

On Friday, Elon Musk became the world’s first trillionaire after SpaceX officially went public.

Just to put that in perspective, here’s what a trillion looks like: 1,000,000,000,000.

Musk became a trillionaire after SpaceX soared 25% from its initial $ 135-a-share listing.

CBS News provided further details on Musk reaching trillionaire status:

Elon Musk has become the first person to cross the trillionaire threshold, at least on paper, after SpaceX priced its blockbuster initial public offering at $135 a share and its stock soared in its stock market debut.

Before the IPO, Musk was worth an estimated $813 billion, a fortune more than twice as large as the planet’s second-richest person, Google co-founder Larry Page, who is worth an estimated $288 billion, according to Forbes.

SpaceX formally setting its stock price at $135 boosted Musk’s fortune to just over $1 trillion. The shares, which will trade under the ticker symbol SPCX, jumped after they began trading shortly before noon ET. At its intraday high of $168.75 on Friday, Musk’s net worth reached roughly $1.18 trillion, although future declines could push him back below the trillionaire mark.

While billionaire wealth alone may be hard enough to comprehend, a trillionaire represents a level of wealth that rivals the economic output of the world’s biggest nations. Only 19 countries have GDPs that surpass $1 trillion, ranging from the U.S. to the Netherlands, according to World Bank data.

Here’s what Musk had to say before SpaceX went public:

Very inspiring words from Elon Musk today:

"I always think about this. There are always problems on earth. There’s always things that we wish to be better, that we want to solve on Earth, and we should solve them. But there there also has to be things that get you excited… pic.twitter.com/A9auOI1Daf

— Nic Cruz Patane (@niccruzpatane) June 12, 2026

A former welder for SpaceX revealed that when he first started working there, he received $10,000 worth of stock, and every paycheck, he would buy more shares.

Now those shares are worth over a million dollars:

A man working as a welder at SpaceX for $28 an hour has just become a millionaire.

Juan Hernandez, who came from Mexico, welded rockets for SpaceX at $28 an hour.

SpaceX gave him $10,000 in stock when he went full time in 2015, and he bought more with every paycheck for 10… pic.twitter.com/kfgnwVwJGN

— Bull Theory (@BullTheoryio) June 12, 2026

CBS News reported more on the welder:

Before Juan Hernandez became a welder at SpaceX, he had never heard of the company.

“It was just another contract job for me at the time,” he told CBS News correspondent Jo Ling Kent in a broadcast exclusive interview.

Now, just over ten years later, that leap of faith could pay off in big ways following the company’s $75 billion initial public offering. The record-breaking offering could make Hernandez a millionaire by the end of the day.

SpaceX shares started trading on the Nasdaq late Friday morning under the ticker symbol SPCX, marking the long-awaited Wall Street debut of the rocket and satellite company.

Hernandez first heard about SpaceX from a friend who was hired as a welder there. He knew Hernandez’s background and figured he’d be a good fit for the job.

“I thought in my head, I don’t know what SpaceX is, but let’s go,” Hernandez said.

When SpaceX hired Hernandez in 2015, he said they offered him $10,000 worth of stock. At the time, he didn’t think much of it. His other jobs, for which he was paid hourly, had never offered him stock before.

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“It wasn’t a big deal. I didn’t know anything about it then,” he told CBS News. “I didn’t know it was gonna be this big, at this point.”

Hernandez, who now works at Blue Origin, has around 6,500 SpaceX shares. If those trade at the offering price of $135, that means his wealth could skyrocket by nearly $880,000. Given the stock’s performance on Friday, he’s likely to make even more.

Of course, Democrats are virtue signaling after Musk became a trillionaire.

Here’s what Gov. Gavin Newsom had to say:

Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE.

When the federal government is for sale, the rich get richer and everyone else gets shafted.

The system is rigged.

— Gavin Newsom (@GavinNewsom) June 12, 2026