With SpaceX IPO, Elon Musk is the world’s first trillionaire — but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’
Space X stock is now public, cementing CEO Elon Musk’s status as the first trillionaire in history. But despite being the world’s richest person, he spends most of his time in a modest home near Space X headquarters. The rocket and satellite company raised $75 billion on Thursday in the largest IPO ever after offering more than 555 million shares at $135 a piece, valuing the company at $1.77 trillion. On Friday, shares jumped 20% to $162, propelling Musk into trillionaire status after accounting for his SpaceX options as well as his Tesla shares. Meanwhile, his real estate portfolio is more modest. After Musk moved to Texas in 2020 and eventually brought his companies with him, he sold most of his homes in California. He bought adjacent properties in an upscale area near Austin, Texas, for about $35 million, much to the annoyance of his neighbors. But Musk revealed in 2021 that his primary home is a $50,000 house in Boca Chica, Texas, which he rents from SpaceX, headquartered in the nearby town of Starbase, near Brownsville. “It’s kinda awesome though,” he added. The residence is a 20-foot-by-20-foot prefabricated home built by housing startup Boxabl, with a living room, a bedroom area, a kitchen, and a bathroom with a tub-shower, according to Chron.com. By contrast, companies tied to Musk own at least three large houses—each measuring between 6,000 and 9,000 square feet—with swimming pools in the pricey West Lake Hills suburb of Austin, sources told the Wall Street Journal. In 2023, Musk biographer Walter Isaacson shared a post of the interior, calling it a “spartan two-bedroom” home, where he would “sit at this wood table and make phone calls.” As recently as this past March, Musk’s mother, Maye Musk, added more color to her son’s very unglamorous lifestyle, describing a visit to his house. “There is no food in the fridge. The garage where I slept is on the right. The shower only has one towel so I le