We have already written about Elon Musk becoming the first person on Earth whose net worth exceeded the $1 trillion mark. However, after the SpaceX IPO, the scale of his wealth has become even more extraordinary.
Today, Musk’s fortune is estimated at more than $1.3 trillion. For comparison, that is already larger than Bitcoin’s current market capitalization. Even more impressive is the gap between Musk and the second-richest person in the world. That gap is roughly $1 trillion.
In other words, even if Musk were to lose a trillion dollars right now, he would still remain the richest person on the planet.
The main catalyst behind this surge was the long-awaited public listing of SpaceX. The company offered shares at $135 each, but investors welcomed the IPO with tremendous enthusiasm. Within just a few days, the stock climbed above $200, pushing the company’s market capitalization beyond $2.5 trillion.
Given the size of Musk’s stake in SpaceX, every movement in the stock price has a significant impact on his wealth. According to analysts, every $1 increase in SpaceX shares adds approximately $6.4 billion to Musk’s net worth.
Investors are effectively betting not only on the company’s current performance but also on the future of the space industry, Starlink satellite internet, artificial intelligence, robotics, and even the potential colonization of Mars. That is why the market is willing to assign SpaceX valuations that would have seemed unimaginable just a few years ago.
Internet users have already begun calculating just how enormous $1.3 trillion really is. With that amount of money, one could give every American roughly $2,900, hand out $1 million to one million people, buy every NFL, NBA, MLB, and NHL team, and still acquire TikTok, Netflix, Disney, McDonald’s, and Starbucks.
The figures are so large that they become difficult for the human mind to truly comprehend.
Yet perhaps the most surprising fact is not the size of Musk’s fortune but his lifestyle. In recent years, the richest person on Earth has chosen to live in a modular home measuring only 37 square meters near SpaceX’s launch facilities in Texas. The house was built by startup Boxabl and costs about $50,000. Moreover, Musk does not even own it directly – he rents it from his own company.
The interior of the house was first revealed by Musk’s biographer, Walter Isaacson. The published photographs show a simple wooden table, a Tesla Plaid Mode jacket hanging on a chair, a katana resting on a coffee table, a model rocket, and a vintage 1930s Amazing Stories magazine poster featuring interplanetary spacecraft.
The interior looks more like the home of a passionate aerospace engineer than the residence of the richest person in human history.
However, the story about completely giving up real estate is not quite that simple. In 2020, Musk did announce that he was selling all of his properties and getting rid of material assets in order to focus entirely on his mission of colonizing Mars.
Later, however, reports revealed that a cluster of homes connected to his family exists in the West Lake Hills area of Austin, Texas. According to U.S. media reports, his partners Claire Boucher and Shivon Zilis, along with some of his children, live there. The properties are reportedly held through trusts rather than directly under Musk’s name.
Nevertheless, this does little to change the overall paradox. A man whose wealth exceeds Bitcoin’s market capitalization and could buy some of the world’s largest corporations and sports leagues chooses to live more modestly than many multimillionaires.
The emergence of the world’s first trillionaire is not only a personal achievement for Elon Musk but also a symbol of a new era. At the end of the twentieth century, the fortunes of the world’s richest entrepreneurs were measured in tens of billions of dollars. Today, technology companies are worth trillions, and their founders can create wealth on a scale that once seemed impossible.
The historic milestone has already been crossed. Markets are no longer asking who will become the first trillionaire. Instead, they are asking who will become the second – and whether anyone will ever surpass Elon Musk’s record.
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