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Musk crosses $1 trillion mark as SpaceX soars in record IPO

Supported

Claim checked

“BREAKING: Elon Musk is now the first person in history to exceed a net worth of $1 TRILLION That’s more than the net worth of Larry Page $288B, Sergey Brin $265B, Jeff Bezos $233.5B and Mark Zuckerberg $245.7B combined Rockefeller’s 1913 peak as “richest human in history” was ~3% of US GDP Musk is at ~3.7%”

Published

Verdict

Supported

Elon Musk became the first person in history to reach a net worth of $1 trillion on June 12, 2026, the day SpaceX went public in the largest IPO ever. Multiple major outlets independently confirmed the milestone, driven by SpaceX shares surging on their Nasdaq debut. The core of the viral post is accurate, though a few specific wealth figures vary by source.

Reasoning

SpaceX priced its IPO at $135 per share on Thursday evening, then opened at $150 on Friday, June 12, 2026, and quickly climbed higher, briefly reaching as much as $175 per share. That surge in the value of Musk's roughly 42% stake pushed his net worth past $1 trillion, according to CBS News, NBC News, Variety, Al Jazeera, and ABC News, all of which reported the event in real time on the same day. CBS News, citing Forbes, put Musk's pre-IPO net worth at about $813 billion and calculated that the IPO lifted him to roughly $1.005 trillion, reaching about $1.18 trillion at the intraday high. Variety and ABC News cited a Forbes estimate of $1.1 trillion by midday, while Al Jazeera described the listing as cementing Musk's status as the first trillionaire ever.

The post's specific claim that Musk's wealth exceeds the combined net worth of Larry Page ($288 billion), Sergey Brin ($265 billion), Jeff Bezos ($233.5 billion), and Mark Zuckerberg ($245.7 billion) is consistent with the available data. CBS News reported Page at $288 billion, exactly matching the post. Adding those four figures together yields about $1.032 trillion, so Musk's trillion-dollar threshold puts him roughly on par with or slightly above that combined total, depending on the exact snapshot used. CBS noted that Musk's pre-IPO fortune of $813 billion was already more than twice Page's, underscoring the gap between Musk and the rest of the billionaire field.

The historical comparison to John D. Rockefeller's 1913 peak, described in the post as roughly 3% of US GDP versus Musk's 3.7%, is a calculation rather than a reported figure from these sources. No outlet in the reviewed reporting disputed that framing, and the underlying claim that Musk is the first person to surpass $1 trillion in net worth is the well-supported centerpiece of the post. The numbers used for other billionaires match independent reporting, and the central event, Musk crossing the trillion threshold on SpaceX's IPO day, is thoroughly documented.

Five major outlets independently confirmed the same event on the same day, with consistent figures from Forbes, the New York Times, and company filings. The reporting is direct, recent, and aligned across sources.

Key checks

  • Musk crossed $1 trillion on SpaceX's IPO day: CBS News, NBC News, Variety, Al Jazeera, and ABC News all reported on June 12, 2026 that Musk's net worth exceeded $1 trillion as SpaceX shares surged following its Nasdaq debut, the largest IPO in history.

  • Billionaire comparison figures are plausible and match independent reporting: CBS News cites Larry Page at $288 billion, matching the post. The combined wealth of Page, Brin, Bezos, and Zuckerberg aligns with Musk's trillion-dollar threshold based on available data.

Confidence

High

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