Elon Musk’s net worth hits $1.11T after SpaceX IPO
Elon Musk’s net worth reached $1.11 trillion after SpaceX’s Nasdaq debut, exceeding the market value of all cryptocurrencies excluding Bitcoin.
Financial indexes put Elon Musk’s net worth at $1.11 trillion after SpaceX’s listing on the Nasdaq on Friday, making him the first person in modern history to exceed $1 trillion in reported net worth.
SpaceX entered the market with a valuation of $2.2 trillion after underwriters set the offering at $135 per share and the company raised $75 billion before trading began. The stock opened at $150, reached an intraday high of $176.50 and closed at $161 on its first day. Trading volume on day one was $85 billion. Musk holds a 42% stake in SpaceX, a level of ownership that preserves his control over the company’s strategic and operational decisions.
Musk’s $1.11 trillion exceeds an estimated $880 billion market capitalization for all cryptocurrencies excluding Bitcoin, as measured by TradingView’s TOTAL2 index. Using CoinGecko’s figures, the total crypto market is near $2.27 trillion and Bitcoin is valued at about $1.28 trillion, which means Musk’s net worth equals roughly half the entire crypto market when Bitcoin is included. The market capitalization of non‑Bitcoin crypto reached above $1.7 trillion in October 2025 and has since declined by about half.
Musk has publicly confirmed personal holdings in Bitcoin, Ethereum and Dogecoin, without disclosing exact amounts. Post‑IPO filings show SpaceX’s treasury holds 18,712 Bitcoin, valued at more than $1.3 billion, while Tesla’s treasury holds 11,509 Bitcoin. If combined, those reserves would rank among the largest corporate Bitcoin holdings.
Musk’s ownership of the social platform X includes features such as “cashtags” that display real‑time market prices for equities and digital assets. The platform provides market data as a utility and is not a brokerage or exchange.
Eric Balchunas, an ETF analyst, noted, “The stock logged $85 billion in trading volume on its first day.”
The $1.11 trillion figure is based on public market valuations of SpaceX shares and other holdings and can change with movements in stock and digital asset prices.
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