Elon Musk made history on June 12, 2026, when SpaceX began trading on the Nasdaq following the largest IPO in history. The listing valued SpaceX at approximately $1.77 trillion. Combined with his stake in Tesla and other ventures, the IPO pushed Musk’s personal net worth above $1 trillion, making him the first individual ever to reach that milestone.

The House Near Starbase

 

 

Despite that milestone, Musk’s primary home in Texas remains small and simple. He lives in a prefabricated house built by Boxabl, a housing startup known for designing homes that fold flat for shipping. The unit sits near SpaceX’s Starbase facility in Boca Chica, on the southern tip of Texas, just a short distance from the company’s launch pads. The house cost around fifty thousand dollars when Musk first acquired it, a fraction of what many people spend on a car. Different reports put its size somewhere between 375 and 400 square feet, but either way it is roughly the size of a two car garage. It arrives flat packed on a truck and unfolds into a finished home once it reaches the site. Inside there is a bedroom, a small kitchen, a living area, and a bathroom with a tub and shower.

 

Renting From His Own Company

 

 

Musk does not own the house outright. He rents it from SpaceX itself and has mentioned the arrangement on social media a few times over the years, once calling it “kinda awesome.” The main appeal seems to be location rather than comfort. The house sits just minutes from the SpaceX launch site, where the Starship rocket program is based, which cuts down on travel time for someone running several companies at once.

 

The Other Side Of The Portfolio

 

The tiny house is not Musk’s only connection to real estate. Companies linked to him reportedly own several much larger homes in the West Lake Hills area near Austin, each said to be between six thousand and nine thousand square feet, with amenities like swimming pools. Even so, several reports suggest the small house near Starbase is where Musk actually spends most of his nights while Starship development is underway.

 

A Familiar Pattern

 

This is not a new habit for Musk. Back in 2020, he announced on social media that he would sell off almost all of his physical possessions, including his homes in California, and said he intended to own no house at all. He has largely followed through since then, even as his fortune has grown into territory no one had ever reached before.

 

A Trillionaire Who Still Lives Small

 

Whether this reflects genuine minimalism or just smart branding is something people will likely keep debating. What is clear is that wealth and lifestyle do not always move together. A man whose net worth recently crossed one trillion dollars still spends his nights in a house that costs less than many used cars, just a short walk from the rockets his company is trying to send to Mars.