Musk’s Net Worth Tops Bitcoin After SpaceX Rally

Elon Musk’s estimated net worth climbed to about $1.32 trillion after SpaceX shares traded above $200, pushing his personal fortune past Bitcoin’s market capitalization of roughly $1.29 trillion, according to a billionaire wealth index and digital-asset pricing data.

SpaceX debuted on the Nasdaq under the ticker SPCX with an IPO price of $135 a share. A limited public float and strong buying drove the stock more than 50% above its IPO price, valuing the company at about $2.7 trillion and placing it among the largest public companies by market value.

The narrower gap between Musk’s wealth and Bitcoin’s valuation reflects both SpaceX’s stock move and declines in the crypto market. The total cryptocurrency market value has fallen from about $4.21 trillion a year ago to roughly $2.23 trillion. Bitcoin is down more than 50% from a late-2025 peak near $126,000 and earlier crossed $100,000 during late 2024 and early 2025.

Retail investors accounted for significant early demand in SpaceX shares. Market-flow figures show South Korean individual investors purchased about $796 million of SPCX on June 12, the stock’s first trading day. Trading also flowed into leveraged exchange-traded funds tied to SpaceX. Total volume across 2x SpaceX ETFs topped $3 billion on a recent session, and one leveraged ETF recorded about $1.3 billion in second-day volume, a level a senior ETF analyst described as a record for an ETF’s second trading day. The analyst noted many of the funds appear to be used for short-term directional bets.

Investors without IPO allocations sought exposure through ETFs, options and other derivatives.

Company filings show SpaceX reported $18.67 billion in revenue and a net loss of $4.94 billion for 2025, and posted a $4.27 billion loss in the first quarter of 2026. The company attributed losses to capital spending on Starlink, launch capacity, computing infrastructure and artificial intelligence projects. Musk has projected SpaceX could reach $1 trillion in annual revenue by 2030.

Both Musk’s estimated wealth and Bitcoin’s market capitalization can change with market moves: SpaceX shares could decline, Bitcoin could recover, or both values could change in opposite directions.