Shares of SpaceX stabilized roughly 37% above their $135 IPO price, yielding a market capitalization of approximately $2.43 trillion. This valuation briefly eclipsed those of Amazon and Microsoft, pushing the value of Musk’s roughly 42% stake to over $750 billion. When aggregated with his holdings in Tesla and xAI, wealth trackers confirmed his net worth touched $1.4 trillion on June 16.
Institutional giants reaped extraordinary returns from their early bets. Alphabet, which invested $900 million in 2015, now holds a stake valued at roughly $132 billion. Peter Thiel’s Founders Fund, the company’s first institutional backer, saw its $600 million investment swell to more than $50 billion. Meanwhile, Antonio Gracias of Valor Equity Partners and Sequoia Capital recorded gains of $96.6 billion and $20 billion, respectively.
Internal wealth distribution reached deeper than the boardroom. SpaceX President Gwynne Shotwell holds a stake valued at $2.4 billion, while CFO Bret Johnsen has also entered the billionaire ranks. For the broader workforce, the transition from private equity to public markets transformed modest stock awards into life-changing sums. Despite political criticism from figures like Senator Elizabeth Warren regarding wealth inequality, the company is reportedly moving forward with a $20 billion bond offering to refinance debt, signaling further financial expansion.
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