According to the Bloomberg Billionaires Index, as SpaceX’s (SPCX) share price broke above $200 on June 17, Musk’s net worth rose to about $1.32 trillion, surpassing Bitcoin’s market value of about $1.29 trillion. After the SpaceX IPO, the stock rose by more than 50%. CryptoSlate data shows that the total market capitalization of the crypto market fell from a peak of about $4.21 trillion to about $2.23 trillion.
Musk’s net worth of $1.32 trillion surpasses Bitcoin’s $1.29 trillion market value
Based on data from the Bloomberg Billionaires Index, after SpaceX shares broke through $200, Musk’s net worth reached about $1.32 trillion, while CryptoSlate’s Bitcoin pricing indicates its market value is about $1.29 trillion. In addition, the total crypto market capitalization is about $2.23 trillion, of which Bitcoin accounts for about $1.29 trillion, meaning the estimated wealth of Musk has surpassed the total of all other digital assets except Bitcoin.
SpaceX financial situation: 2025 revenue of $18.67 billion, net loss of $4.94 billion; in Q1 2026, net loss of $4.27 billion, reflecting continued large-scale capital expenditures on Starlink, launch capabilities, and AI projects (Land Group data).
Korean retail investors bought $795.9 million worth of SPCX on day one; SPCH ETF’s second-day trading volume hits an all-time high for the ETF
According to market flow data quoted by Global Markets Investors, on June 12, the first day SPCX began trading after its listing, Korean retail investors put in about $795.9 million, becoming the largest single-day U.S. stock purchase by Korean retail investors, surpassing any single U.S. stock purchase over the prior three months (Micron Technology $748.3 million, Nasdaq 100 ETF $696.2 million, Marvell $694.5 million).
Bloomberg senior ETF analyst Eric Balchunas said the total trading volume of the SpaceX 2x leveraged ETF exceeded $3 billion on the second trading day (about $1 billion on the previous day); the product with ticker SPCH saw second-day trading volume of about $1.3 billion, the highest ever second-day trading volume for an ETF product, surpassing the record of BlackRock’s spot Bitcoin ETF (IBIT) at about $500 million on its second trading day.
Frequently Asked Questions
What are the sources for the figures showing Musk’s net worth surpassing Bitcoin’s market cap?
Musk’s net worth of $1.32 trillion comes from the Bloomberg Billionaires Index; Bitcoin’s market cap of $1.29 trillion comes from CryptoSlate’s pricing data. Both figures are estimates based on SpaceX’s share price breaking above $200, and the exact net worth figure will fluctuate in real time with SpaceX’s share price. CryptoSlate reported this milestone on June 17, 2026.
What is the significance of SPCH’s second-day all-time high trading volume?
According to the explanation from Eric Balchunas (Bloomberg senior ETF analyst), SPCH’s second-day trading volume of about $1.3 billion is the highest second-day volume record for an ETF product ever, surpassing the record of BlackRock’s spot Bitcoin ETF (IBIT) at about $500 million on its second day. This reflects investors’ very high demand for short-term directional bets on SPCX, rather than primarily seeking long-term holdings.
Does SpaceX’s net loss affect the sustainability of its valuation?
According to SpaceX financial data quoted from Land Group, the company’s 2025 net loss was $4.94 billion and its Q1 2026 net loss was $4.27 billion, reflecting large-scale capital spending on Starlink, launch capabilities, and AI projects. SpaceX’s high valuation is mainly based on Musk’s target of reaching $1 trillion in annual revenue by 2030, and the market’s forward-looking pricing for the long-term growth of Starlink, artificial intelligence, and launch infrastructure—rather than its current profitability.
