SpaceX opened its first day on the Nasdaq at $150 a share and closed at $160.95. For Elon Musk, that was enough to push his estimated fortune to around $1.1 trillion, Business Today reported on Jun 13, 2026.
The listing followed an initial public offering that Business Today described as a record at $75 billion, priced at $135 a share. The stock jumped nearly 20% on its debut, which put the company’s market capitalization above $2.1 trillion.
Paper wealth, not cash
Musk’s fortune is not money in an account. Most of it comes from his ownership stakes in Tesla and SpaceX, so the figure moves with share prices. A swing in either stock can add or erase tens of billions of dollars from his net worth within days, the outlet noted. It still called him the world’s richest person by a comfortable margin, and said no single entrepreneur had piled up wealth on such a scale before.
A measuring stick from India
Business Today put the number in a local frame. It put the net worth of Adani Group chairman Gautam Adani at about $147 billion, and that of Reliance Industries chairman Mukesh Ambani at roughly $110 billion. On those estimates, Musk is worth nearly eight Adanis and more than ten Ambanis.
The outlet also set the figure against India’s economy. Nominal GDP there is around $4.15 trillion, so Musk’s $1.1 trillion equals roughly one-fourth of a year’s output. Put another way, one dollar in every four produced across India in a year matches the value of his holdings. Even the combined market capitalization of Reliance, HDFC Bank, Tata Consultancy Services and Bharti Airtel, the paper said, is overshadowed by the wealth attributed to him.
Those are estimates, and Business Today’s piece treats them as such. The next move in Tesla or SpaceX shares will change the total.
