Jakarta, ThedailyID — Elon Musk has become the world’s first trillionaire, according to recent estimates fueled by the soaring valuation of SpaceX.
Musk’s net worth crossed the US$1 trillion mark after SpaceX shares continued to climb in private markets. The surge significantly increased the value of his stake in the company, which remains the largest contributor to his wealth.
Analysts said SpaceX’s rapid growth has transformed the company into one of the world’s most valuable private businesses. Its expanding satellite network, launch services, and government contracts have helped drive investor confidence.
Moreover, SpaceX’s valuation has risen sharply in recent years as demand for commercial space services continues to grow. Investors have also shown strong interest in the company’s long-term prospects.
The milestone further strengthens Musk’s position as the wealthiest person in the world. He already holds major stakes in companies including Tesla, xAI, and X.
Meanwhile, financial observers noted that much of Musk’s fortune remains tied to the value of his corporate holdings rather than liquid cash. As a result, fluctuations in company valuations could significantly affect his net worth.
The achievement marks a historic moment for global wealth rankings. No individual had previously reached the trillionaire threshold based on publicly reported estimates.
Despite concerns about market volatility, investors continue to view SpaceX as a dominant player in the aerospace industry. The company maintains a leading position in commercial rocket launches and satellite communications.
