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stocksJun 16, 2026, 1:31 AM

Elon Musk Net Worth Tops $1.3 Trillion on SpaceX Surge

A sharp rally in SpaceX shares has pushed Elon Musk's net worth above $1.3 trillion, making him wealthier than the market cap of all but a dozen public companies globally. The combined value of SpaceX and Tesla now exceeds Apple's entire market capitalization.

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SpaceX stock ($SPCX) surged in recent trading, lifting Elon Musk's personal net worth above the $1.3 trillion mark, according to data cited by The Kobeissi Letter. This milestone places Musk's wealth ahead of the market capitalization of all publicly traded firms except the 12 largest.

When combined with Tesla ($TSLA), Musk's two major holdings now represent a total market value greater than Apple Inc. ($AAPL), the world's most valuable company. The rapid appreciation of SpaceX shares in the private market has been a key driver of the net worth increase.

Observers note that the concentration of wealth in a single individual at this scale is unprecedented in modern financial history, reflecting both the extraordinary valuation assigned to SpaceX and the sustained performance of Tesla stock.

Source: The Kobeissi Letter