Altcoins News

Story: Elon Musk Hits $1.11 Trillion as SpaceX IPO Crushes 30,200-Coin Crypto Treasury

By Julie Binoche

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SpaceX IPO Breaks Every Record. SpaceX priced its shares at $135 heading into the open. They didn't stay there long.

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Musk's Crypto Holdings Are Bigger Than Most Realize. Here's the thing — Musk's relationship with crypto isn't just personal tweets about Dogecoin.

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X, Cashtags, and the Finance Play. Musk's acquisition of X — the platform formerly known as Twitter — added another layer to his…

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Elon Musk is now worth more than the entire altcoin market. Not a figure of speech — literally.

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The Bloomberg Billionaires Index pegged Musk's fortune at $1.11 trillion after SpaceX made its Nasdaq debut, making him the first individual in recorded history to crack a…

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SpaceX priced its shares at $135 heading into the open. They didn't stay there long. The stock opened at $150, ran to a peak of $176.

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Musk holds a 42% ownership stake in SpaceX. That's the number that really moves the needle on his personal fortune, and it's what pushed him past the trillion-dollar threshold.

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And that 42% stake isn't just symbolic. It gives him substantial operational control over what is now one of the most valuable companies on earth.

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Here's the thing — Musk's relationship with crypto isn't just personal tweets about Dogecoin. It's structural, and it runs through his corporate balance sheets.

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SpaceX's regulatory filings show the company holds 18,712 Bitcoin. Tesla, separately, holds 11,509 Bitcoin.

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That's a lot of digital assets for someone whose critics sometimes frame him as merely a crypto cheerleader.

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Read also: Strategy Eyes Bitcoin Exit as Selig Vows to Fight Enforcement-First Crypto Rules

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Tesla's Bitcoin position is well-documented — the company made headlines when it first bought in years ago, then sold a chunk, then held the rest.

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Dogecoin is the third leg of Musk's crypto exposure, though details on corporate holdings there are murkier. His personal interest in Dogecoin is long-standing and public.

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CoinGecko's broader metrics value the total crypto market at $2.27 trillion — that's Bitcoin plus everything else. Musk's $1.

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