Elon Musk becomes the world’s first person to surpass $1 trillion in net worth after SpaceX’s initial public offering (IPO) on Nasdaq. Multiple outlets report that SpaceX priced its offering at $135 per share and raised about $75 billion by selling more than 555 million shares, valuing the company at roughly $1.7 trillion to $1.77 trillion. That valuation lifts Musk’s stake and pushes his wealth into the trillion-dollar range, with estimates cited across reports ranging from about $1.1 trillion to around $1 trillion depending on the moment and source. Several accounts also note the scale of the debut: it is described as the largest IPO in Wall Street history and is associated with large first-day gains. One report says SpaceX shares open around $150 and rise further during the first trading session, reflecting investor demand after the listing. Articles also mention that SpaceX proceeds toward long-term plans including funding satellite, data-center, and future Mars-related ambitions, and that the company went public to raise capital for those projects.