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Fortune
Fortune
Douglas P. McCormick

Elon Musk's trillion dollars aren't real — and that's the point

elon (Credit: Kobi Wolf/Bloomberg via Getty Images)

Elon Musk became the world’s first trillionaire in June 2026, when SpaceX’s record $75 billion IPO — the largest in history — pushed his net worth past $1.1 trillion.

Before the outrage starts, consider what that number actually is — and isn’t.

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