Larry Ellison, A Saudi Prince And The Other Unexpected Winners From The SpaceX IPO

Forbes Daily Briefing

Forbes

Business, Tech News, News

4.4 • 18 Ratings

🗓️ 17 June 2026

⏱️ 7 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

SpaceX priced its IPO at $135 per share Thursday, implying a $1.8 trillion market cap for the company. That boosted Musk’s net worth by $188 billion to an estimated $982 billion, according to Forbes’ calculations. Then on Friday, the rocketmaker’s stock started trading at $150 per share and closed the day at $160.95 per share, implying a valuation of $2.2 trillion for the company. That easily made Elon Musk the world’s first trillionaire, worth an estimated $1.1 trillion. He was briefly worth a record $1.2 trillion, when SpaceX’s stock peaked at $176.52 per share Friday. Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns 4.8 billion shares of the rocketmaker, worth $767 billion at Friday’s close. He has another 350 million stock options with an exercise price of $8.40 per share, worth $53 billion, giving him a 38% stake in the company, worth $821 billion. Before SpaceX priced its IPO Thursday, Forbes had been valuing Musk’s estimated 40% stake (before dilution from the public offering) at around $500 billion, based on the $1.25 trillion valuation of SpaceX’s merger with Musk’s artificial intelligence and social media company xAI in February. (xAI previously merged with X–formerly Twitter–in March 2025.) Musk also owns just over 10% of $1.5 trillion (market cap) Tesla, worth $168 billion, plus options to acquire another nearly 8% stake, worth $116 billion billion. Rounding out his net worth are smaller stakes in his brain interface startup Neuralink and his tunneling firm Boring Company, plus several billion dollars of wealth from previous Tesla share sales. By Matt Durot, Forbes Staff Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today on Forbes, Larry Ellison, Jack Dorsey, a Saudi Prince, and other unexpected winners from the SpaceX IPO.
0:10.9	SpaceX priced its IPO at $135 per share Thursday, implying a $1.8 trillion market cap for the company.
0:20.3	That boosted Musk's net worth by $188 billion to an estimated $1.8 trillion market cap for the company. That boosted Musk's net worth by $188 billion to an estimated $982 billion, according
0:27.7	to Forbes's calculations.
0:30.2	After what was a successful IPO Friday, SpaceX shares landed at just over $161 at market
0:36.7	close that day. That made Elon Musk the first trillionaire in
0:41.2	world history, worth $1.1 trillion, according to Forbes's real-time billionaires list as a Friday
0:48.4	at 4.30 p.m. Eastern Time. Musk, who serves as chairman, CEO and chief technical officer of SpaceX, owns 4.8 billion
0:57.9	shares of the rocket maker, worth $644 billion. He has another 350 million stock options with
1:05.9	an exercise price of $8.40 per share, worth $44 billion, giving him a 38% stake in the company, worth $688 billion
1:16.6	at the IPO starting price. Forbes has been valuing Musk's estimated 40% stake before dilution
1:24.2	from the public offering at around $500 billion, based on the $1.25 trillion
1:30.0	valuation of SpaceX's merger with Musk's artificial intelligence and social media company,
1:36.3	XAI, in February.
1:39.0	XAI previously merged with X, formerly Twitter, in March 2025.
1:48.6	Musk also owns just over 10% of the $1.5 trillion market cap Tesla, worth $165 billion, plus options to acquire another nearly 8% stake, worth $114
1:58.1	billion. Not included in Forbes's estimate of Musk's net worth is performance-based restricted shares
2:05.6	that could boost his stakes in SpaceX and Tesla to 47% and 29% respectively, before taxes
2:13.1	and the cost of unlocking the restricted shares.
2:16.3	To earn all that stock, Musk will have to achieve lofty goals, like growing SpaceX and Tesla's
2:22.0	market caps to $7.5 trillion and $8.5 trillion respectively, and establishing a permanent human
2:29.5	colony on Mars with at least 1 million inhabitants. Musk is by far the biggest winner, but he isn't the only person whose fortune soared into
	...

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