Following its blockbuster IPO, Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) rally on Monday has cemented CEO Elon Musk‘s trillionaire status; here’s how.
Elon Musk Now Worth Over $1.3 Trillion
In a post on the social media platform X, The Kobeissi Letter quoted a previous post it made that outlined SpaceX’s recent rally and that SpaceX raised $85.9 billion via the overallotment option for the IPO.
“Tonight’s move in SpaceX stock, $SPCX, pushes Elon Musk’s net worth above $1.3 trillion,” the new post said, adding that Musk’s fortune had surpassed “the market cap of all but 12 public companies in the world.”
Notably, SpaceX was already worth more than 12 aerospace and defense companies listed on the S&P 500 index, including Boeing Co. (NYSE:BA), RTX Corp (NYSE:RTX), Northrop Grumman Corp (NYSE:NOC) and more.
The post noted that the combined market cap of SpaceX and Tesla Inc. (NASDAQ:TSLA) had surpassed Apple Inc.‘s (NASDAQ:AAPL). “We are witnessing history,” the post said.
SpaceX Surpasses Microsoft
Charlie Bilello, an executive at investment firm Creative Capital, also shared his take on SpaceX’s rally, outlining that the company had surpassed the market cap of Microsoft Corp. (NASDAQ:MSFT) as well as Amazon.com Inc. (NASDAQ:AMZN).
“SpaceX’s market cap crossed above $3 trillion today in after hours trading,” he said, which exceeded the “market cap of Amazon ($2.65 trillion) & Microsoft ($2.97 trillion).”
The investor then shared revenue figures for all three companies, with Microsoft’s revenue coming in at $318 billion, with a net income of $125 billion. Amazon reported a revenue of $743 billion, with a net income of $91 billion.
Meanwhile, SpaceX had a revenue of $19 billion, but its net income was -$9 billion, according to the investor’s post. The commercial space flight giant had reported a loss of approximately $4.3 billion in the first quarter of 2026.
Elon Musk’s Net Worth Jumps $165 Billion
Meanwhile, the SpaceX rally resulted in Musk’s net worth jumping approximately $165 billion, which is more than the net worths of billionaires like Bernard Arnault, who is the CEO of Luxury fashion brand Louis Vuitton, among others, according to the Forbes Billionaire list.
However, not everyone has been as positive about the commercial space flight giant, with economist Robert Reich calling the IPO the “universe’s largest Ponzi scheme.”
According to Benzinga Edge rankings, SpaceX provides a favorable price trend in the Short, Medium and Long term.
Price Action: SpaceX shares were up 3.49% to $199.21 during the after-hours trading session on Monday.
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