Elon Musk (일론 머스크) has seen his net worth surpass $1 trillion, exceeding the global cryptocurrency market capitalisation excluding bitcoin.

On June 14, blockchain media outlet CryptoSlate reported that Bloomberg's Billionaires Index put Musk's net worth at about $1.11 trillion.

The surge in wealth follows SpaceX's successful initial public offering. SpaceX posted a market value of $2.2 trillion on its first day of trading after listing on the Nasdaq. The IPO price was set at $135 per share and it raised about $75 billion in the listing process. The opening price was $150 as buying interest surged, and the stock rose as high as $176.50 intraday. The shares ended at $161 based on the June 13 close.

The market assessed the listing as creating historic liquidity. Eric Balchunas (에릭 발추나스), a Bloomberg ETF analyst, said SpaceX recorded about $85 billion in turnover on its first trading day. He assessed the figure as exceeding previous IPO records and ranking among the top single-day turnovers for an individual stock in U.S. market history.

Musk currently holds about a 42 percent stake in SpaceX. After the listing, the company's value jumped, sharply lifting the value of his stake. As a result, his personal net worth also surpassed $1 trillion.

The gap is clearer when compared with the cryptocurrency market. TradingView's TOTAL2 index puts the total market capitalisation of altcoins, excluding bitcoin, at about $880 billion. That is less than Musk's net worth.

CoinGecko data put the total cryptocurrency market at about $2.27 trillion. Bitcoin accounts for about $1.28 trillion of that, leaving the rest of the altcoin market smaller than Musk's wealth. This is also an indicator that the altcoin market has shrunk sharply from its peak.

TradingView data show that the market capitalisation of cryptocurrencies excluding bitcoin topped $1.7 trillion in October 2025, but has since fallen by nearly half. The industry sees the result as reflecting the impact of institutional money shifting from cryptocurrencies to large-cap technology shares and artificial intelligence-related stocks.

Still, the link between Musk and the cryptocurrency market has not disappeared completely. Musk has previously said publicly that he personally holds bitcoin, ether and dogecoin.

Corporate holdings also stand out. Disclosures released after the listing show SpaceX holds about 18,712 BTC as treasury reserves, valued at more than $1.3 billion. Tesla also holds about 11,509 BTC. Combined, the two companies would rank as the fifth-largest bitcoin holder among listed firms.

Musk is also expanding links to financial markets through social platform X, formerly Twitter. X operates a "Cashtag" feature that provides real-time price information for stocks and cryptocurrencies, improving access to investment-related information.

The industry assesses the record as showing that most of Musk's wealth is linked to stock value rather than cash. It also sees it as a symbolic example that recent market money has been concentrating on large-cap technology shares and AI-related companies rather than altcoins.