Elon Musk has officially overtaken bitcoin. His net worth rose to a record $1.4 trillion and for the first time exceeded bitcoin's total market cap after a sharp jump amid a rise in SpaceX (SPCX) shares.

The reason for this historic event is SpaceX's massive IPO.

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How Musk became «bigger» than bitcoin

Something like this, when one person's net worth becomes greater than the sum of the largest global assets, happens extremely rarely. Right now Musk has $1.4 trillion — more than bitcoin's entire market cap, which stands at $1.31 trillion, according to CoinGecko.

The sharp rise in net worth happened in just 24 hours — plus $101.7 billion, equivalent to a 7.91% gain in a single trading session. The reason is that shares of SpaceX, which recently held the largest IPO in history, added another 8.59%.

SpaceX (SPCX) shares reached an impressive $2.2 trillion market cap on the very first day of trading, and today they reached $2.8 trillion. Since Musk owns roughly 42% of the company's shares, the sharp revaluation of SpaceX significantly increased his personal stake, which allowed him to cross the $1 trillion mark.

The historical context only underscores the significance of the moment. Just a few years ago, when bitcoin was a relatively small and new asset, its market cap easily lagged behind the fortunes of the largest billionaires. Now bitcoin is a global network with a trillion-dollar market cap, so such a «flip» is a great rarity.

Bitcoin's maximum market cap reached almost $2.5 trillion. Bitcoin hit that mark at its all-time high in October 2025. Back then bitcoin was worth more than almost all companies in the S&P 500 index — except tech giants like NVIDIA, Alphabet, Apple, Microsoft and Amazon.

Source: BeInCrypto