PANews reported on June 14th that, according to Fortune magazine, SpaceX's valuation surge, starting at approximately $150 per share and rising to $171 intraday, propelled Elon Musk to become the world's first trillionaire (including his controlling stakes in SpaceX and Tesla). Analysts point out that at this level of wealth, asset management has entered an unprecedentedly complex phase: even a 1% misallocation could have an impact of approximately $10 billion.

Several wealth management and tax experts have stated that trillion-dollar wealth is no longer simply "an enlarged version of billionaire management," but rather closer to a "quasi-sovereign governance structure." The core issue has shifted from asset appreciation to the systemic design of control, succession structure, liquidity, and market influence.

Industry insiders point out that assets of this size are almost impossible to trade through traditional public markets. Otherwise, any large-scale transaction could directly affect market prices and investor sentiment, thus amplifying both concentration risk and regulatory attention.

At the same time, liquidity becomes a core challenge. Despite enormous paper wealth, actual disposable cash is limited, and holders often need to obtain liquidity through methods such as pledging and borrowing, thereby introducing leverage and interest rate risk.

Experts further emphasized that in wealth structures of this magnitude, the governance system is more important than the investment portfolio itself. Risk needs to be managed through trust structures, tax frameworks, and multi-layered control mechanisms to prevent future imbalances in inheritance and control.

Analysts point out that the risk surrounding Musk's wealth structure also lies in the high degree of ties between his business and personal influence. Any succession or structural changes could have a significant impact on market confidence, making "the person himself" a key variable.

The U.S. Treasury Department is seeking access to Anthropic's Mytho system.

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