Elon Musk’s wealth has now surpassed Bitcoin market cap amid SpaceX’s continued rally
Elon Musk’s net worth has climbed to about $1.32 trillion, briefly topping Bitcoin’s roughly $1.29 trillion market value as SpaceX shares surged after its record IPO. SpaceX has become the main driver of Musk’s wealth, with its valuation rising to about $2.7 trillion and drawing heavy speculative demand from retail investors, especially in South Korea, plus strong trading in leveraged ETFs. The comparison highlights a broader shift in risk appetite: crypto markets have cooled sharply from last year’s highs, while capital has rotated toward large tech stocks and newly listed growth companies. SpaceX is being priced more like a momentum trade than a traditional aerospace firm, despite reporting billions in losses as it invests in Starlink, launch capacity, computing, and AI. The milestone shows how quickly SpaceX has become a major outlet for speculative capital.
