SpaceX IPO Makes Musk World's Richest Person as Valuation Hits $1 Trillion

—Elon Musk's net worth surged past $1 trillion after SpaceX completed the largest IPO in stock market history, raising $75 billion at a valuation that rivals the annual economic output of many nations. The milestone comes as Musk navigates intense scrutiny over his extreme ownership stakes across Tesla, SpaceX, and xAI. SpaceX's president hinted at a potential Tesla merger, suggesting it could simplify Musk's corporate empire. The IPO landed amid global anxiety over wealth inequality and questions about whether a single individual should control such strategically critical assets. Analysts at the Financial Times flagged deep uncertainty about SpaceX's long-term valuation prospects despite the blockbuster debut.