Elon Musk may become the world's first trillionaire when SpaceX finally makes its eagerly awaited stock market debut, even though he is currently the richest man on the planet.
Musk's net worth was predicted by Forbes magazine on Tuesday to be close to $835 billion, up from $342 billion on its annual rich list in March 2025.
At $298 billion, he is significantly more wealthy than Larry Page, a co-founder of Google.
When SpaceX first filed to list on the Nasdaq in early April, Forbes stated that the company's anticipated June 12 market debut would "all but guarantee his net worth rising above $1 trillion."The group was valued at over $1.5 trillion on Tuesday by unlisted share trading platforms, with a single share selling for roughly $129 on Forge Global (up from $53 in mid-December) and $118 on Nasdaq Private Market.
According to a report made to the US Securities and Exchange Commission, Musk, 54, presently owns 12% of SpaceX's common shares and around 94% of its Class B shares, each of which has 10 votes.
After the firm goes public, Musk will own roughly 42% of SpaceX's capital and 79% of all voting rights, according to AFP calculations. Based on the most recent valuation estimates, this amounts to $735–840 billion.William Robinson, a sociology professor at the University of California, Santa Barbara, told AFP that "current trends are an incredible and continued centralisation and concentration of wealth" in the hands of roughly 3,000 billionaires.The concentration is growing at the top end of those billionaires.
"Tech oligarchy"
Robinson pointed out that five billion people on the planet are impoverished, resulting in "extreme inequality" that can lead to catastrophes such as civil wars.
He claims that the "new billionaire class"—more accurately, the "tech oligarchy"—has structural influence over economies, nations, and society that is reminiscent of the advent of fascism and Nazism a century ago.

Musk's artificial intelligence company, xAI, which had acquired the X social network (previously Twitter) a year before, was acquired by SpaceX in February.
Additionally, Musk owns roughly 12% of Tesla, an electric vehicle manufacturer with a $1.58 trillion market valuation.
Musk stated in mid-February that less than 0.1 percent of his wealth was in cash and that nearly all of it was invested in shares of SpaceX and Tesla.
Analysts predict that SpaceX and Tesla, which are increasingly concentrated on robotics, energy, and autonomous transportation, will join in 2027.
The massive semiconductor production facility Terafab is one of the projects that the two businesses are already working on together.In addition, Musk owns stock in Neuralink, a company creating implantable brain-computer interfaces, and The Boring Company, a tunnel construction company.
According to Robinson, if Musk becomes the first trillionaire in history, he might have a "aura of God" for certain people, but he might also get a little bit of a god complex as a result.
If he satisfies the requirements of the compensation plan created by Tesla's board of directors in 2025, his wealth may increase even more.
He might earn an additional $1 trillion over the next ten years if he meets the various operational and financial goals.