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Is Elon Already a Trillionaire?

If the inevitable and possibly imminent SpaceX I.P.O. debuts anywhere near its rumored valuation, investors will effectively ratify Musk as a sovereign financial ecosystem unto himself.

Elon Musk
At the moment, the proposed midpoint valuation of the SpaceX I.P.O. is $1.75 trillion. At that valuation, Elon’s 42 percent stake would be worth around $735 billion. Photo: Kevin Dietsch/Getty Images
William D. Cohan
May 13, 2026

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Elon Musk may be America’s chief broligarch, to borrow the phrase coined by Dartmouth sociologist Brooke Harrington. But is he also about to become the world’s first trillionaire? It sure looks that way. According to Bloomberg, Elon is worth $688 billion at the moment, up $69 billion so far this year alone—twice as wealthy as Larry Page, a distant second. We have no idea how Bloomberg does its calculations, but we do know how much Elon’s stake in Tesla is worth. And with SpaceX preparing to go public, we can begin to put a number on the rest of Elon’s empire, too.