In June 2025, SpaceX officially listed on the Nasdaq with an opening price of $150 per share, rising as high as $176 during the session. As the founder and largest shareholder of SpaceX, 54-year-old Elon Musk became the first person in human history to reach a net worth of one trillion dollars. Just how staggering is this figure? If you spent 100 million dollars every single day starting today, it would take 30 consecutive years to exhaust the fortune. It is worth noting, however, that Musk's wealth is not cash sitting in a bank account — it consists largely of equity stakes in companies like Tesla and SpaceX. The value of these stakes rests on market expectations about these companies' futures, and if he were to sell large amounts of stock, prices could fall and his net worth would shrink accordingly. Musk is now seen as the embodiment of a wealth legend, yet he once faced extreme hardship. In 2008, SpaceX suffered three consecutive rocket launch failures, and the global financial crisis pushed Tesla to the edge of collapse — Musk was just days away from bankruptcy. The turning point came at the end of 2008, when SpaceX's fourth launch succeeded and secured a roughly $1.6 billion NASA contract, while Tesla completed a critical funding round and survived. Looking back over the past seventy years, the title of world's richest person has changed hands only 13 times. Early billionaires built their fortunes on heavy assets such as oil, real estate, and shipping. The world's richest person in 1957 was oil tycoon Paul Getty, and those who followed largely accumulated wealth through energy and physical assets. It was not until 1995, when Bill Gates reached the top on the strength of the Windows operating system, that the logic of wealth fundamentally changed — the key to controlling vast fortunes shifted from tangible assets to intangible software. Later, Jeff Bezos became the first centibillionaire through e-commerce and cloud computing, and today nearly all of the world's top ten richest people come from the technology sector. Economists point out that intangible assets like software and the internet can be scaled almost without limit — a factory has a physical production ceiling, but a piece of software can be copied and distributed at nearly zero cost. This scalability is the core reason why tech titans' wealth can snowball so dramatically. Musk sits at the steepest point of this curve. Yet sustaining a trillion-dollar valuation is no easy feat. SpaceX's prospectus shows a net loss of approximately $4.9 billion in 2025, and its AI segment has recorded operating losses for three consecutive years. The mission written into the prospectus — to make humanity a multi-planetary species and carry the light of consciousness to the stars — is an enormous story. The market has already paid for a ticket to hear it.