Musk’s net worth hits $1.32 trillion after SpaceX listing, surpassing Bitcoin

Elon Musk’s net worth has reached $1.32 trillion, exceeding the total market capitalisation of Bitcoin, according to data from the Bloomberg Billionaires Index and CoinMarketCap.

The report said the billionaire entrepreneur’s wealth rose by $42.5 billion in the past 24 hours and has increased by $696 billion since the beginning of the year, Caliber.Az reports via Russian media.

For comparison, Bitcoin’s market capitalisation currently stands at approximately $1.314 trillion.

The surge in Musk’s net worth reportedly comes days after SpaceX went public. According to the report, the company’s shares rose 19.22% on the first trading day, 19.6% on the second day, and a further 4.83% on the third.

During its initial public offering, SpaceX reportedly raised nearly $86 billion, including over-allotments, marking one of the largest IPOs on record.

SpaceX is now ranked fifth globally by market capitalisation, behind Nvidia, Alphabet, Apple, and Microsoft, and recently surpassed Amazon, according to the report.

Founded by Elon Musk in 2002, SpaceX develops space launch and satellite technologies. The company merged with Musk’s artificial intelligence firm xAI in February 2026, according to the report.

By Sabina Mammadli