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Musk nears trillionaire status through SpaceX IPO

Tech billionaire and Tesla Chief Executive Officer, Elon Musk, is on the verge of becoming the world’s first trillionaire, with his fortune projected to exceed an unprecedented $1 trillion if SpaceX proceeds with its expected initial public offering next week.

Musk currently holds an estimated $273 billion in Tesla stock and options. However, the planned IPO of SpaceX, his rocket and artificial intelligence company, could significantly boost his wealth, potentially adding another $841 billion.

With Musk expected to control nearly half of SpaceX shares, the company is reportedly moving towards a valuation of about $1.77 trillion, which could push his total net worth to approximately $1.11 trillion.

Despite this staggering projection, most of Musk’s fortune exists on paper in the form of company shares and stock options, meaning its real value is highly dependent on investor confidence in both Tesla and SpaceX.

One trillion dollars is equivalent to one million million dollars, a sum widely regarded as almost impossible to spend within a single lifetime. Even spending $1 million every hour of every day would still take more than 100 years to exhaust such wealth.

If realised, Musk’s projected fortune would surpass the economies of most nations around the world.

According to International Monetary Fund data, only about 20 countries currently have economies larger than $1.1 trillion. Countries such as Taiwan, Ireland, Sweden, Singapore, and Musk’s home country, South Africa, all have economies valued below his projected net worth.

Even major economic centres in the United States would fall short of the comparison. Manhattan, home to Wall Street and several corporate headquarters, recorded a gross domestic product slightly above $1 trillion in 2024.

Houston, one of America’s largest cities and a major hub for the oil and gas industry, has total residential and commercial property valued at around $879 billion, still below Musk’s estimated fortune.

The combined spending on new vehicles in the United States also falls short. Although the average price of a new car rose to a record $48,402 last year, total purchases of 16.3 million vehicles in 2025 amounted to approximately $789 billion.

Musk’s projected wealth would also eclipse the combined fortunes of several fellow technology billionaires.

The estimated fortunes of Google founders Larry Page and Sergey Brin, Oracle founder Larry Ellison, and Amazon founder Jeff Bezos together amount to around $1.09 trillion, slightly below Musk’s projected net worth.

Professional sports franchises worldwide are also worth far less in comparison. Forbes estimates that the world’s 50 most valuable sports teams have a combined value of about $353 billion, led by the NFL’s Dallas Cowboys at roughly $13 billion.