SpaceX Listing Makes Elon Musk the First Person Worth More Than $1 Trillion

SpaceX began trading on Nasdaq after raising about $75 billion in what the article describes as the largest listing in history. The company entered the US market at a fixed price of $135 a share, implying a valuation of about $1.77 trillion.

On its first trading day, the stock jumped about 19% and closed near $161, lifting SpaceX’s market value to more than $2 trillion. That surge pushed Elon Musk’s estimated net worth above $1 trillion on paper, making him the richest person in the world by a wide margin.

The article says Musk’s wealth comes mainly from his holdings in SpaceX, worth roughly $800 billion, and Tesla, worth about $280 billion. It notes that this concentration of wealth gives him outsized influence over sensitive sectors such as space, communications infrastructure through Starlink, and artificial intelligence.

For Israeli investors, the report says SpaceX is now a public Nasdaq stock that can be bought through a standard foreign broker, with possible future inclusion in passive investment products and global indices. That could also expose Israeli pension and provident funds invested in foreign index funds to the company indirectly. The piece adds that Starlink’s regional rollout could become relevant in Israel for remote internet access and possible military or civilian uses, though analysts warn the valuation may already reflect expectations that are too high and leave the stock vulnerable to setbacks.