SpaceX IPO could lift Elon Musk net worth above $1 trillion

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Dan Blystone

18 hours ago

SpaceX IPO could lift Elon Musk net worth above $1 trillion — Musk nears trillion milestone

A planned SpaceX market debut is set to reshape the upper end of global wealth rankings and deepen Elon Musk's financial exposure to the aerospace sector. The company's updated prospectus values Musk's SpaceX stake at about $866.5 billion, adding to his more than $350 billion interest in Tesla.

Highlights

SpaceX's updated prospectus signals an IPO pricing at $135 per share next week, implying a $1.77 trillion valuation.
Elon Musk's stake in SpaceX at IPO is estimated at $866.5 billion, maintaining over 82% voting control and a 366-day lock-up on share sales.
A successful SpaceX listing would boost Musk's net worth above $1 trillion, consolidating dominance alongside Tesla as both near trillion-dollar valuations.

Prospectus details and IPO valuation

As reported by CNBC, SpaceX's updated prospectus published on Wednesday indicates that the company is expected to price its initial public offering at $135 a share next week, implying a total valuation of about $1.77 trillion.

At that level, Musk's holding in SpaceX is worth roughly $866.5 billion. The filing also indicates he retains more than 82% voting control after the IPO, although he is required to hold his shares for a year before he can sell part or all of the stake after a 366-day lock-up period.

The prospectus presents Musk's large ownership position as a central incentive tied to the company's performance and future growth. If the listing proceeds at the expected valuation, the flotation would become a defining event for both SpaceX and Musk's personal balance sheet.

Wealth rankings and corporate scale

Musk already ranks as the world's richest person, and Forbes currently estimates his net worth at $826 billion, far ahead of Larry Page at nearly $300 billion. A successful SpaceX IPO at the projected valuation would put him on course to become the first person with a net worth above $1 trillion.

The listing would also leave Musk with influence over two of the most valuable U.S. companies, as Tesla and SpaceX both approach trillion-dollar status. Even so, SpaceX remains smaller than several technology giants by revenue, generating $18.67 billion last year, compared with $95 billion at Tesla and more than $200 billion at Meta.

Musk's wealth has been building for more than a decade, especially since Tesla shares began rising in 2013. He first took the title of the world's wealthiest individual in 2021, overtaking Amazon founder Jeff Bezos.

Our earlier coverage of SpaceX’s unconventional IPO pricing plan explained that the company pre-set a $135 per-share price ahead of final pricing, targeting a roughly $1.75 trillion valuation and a record-scale $75 billion raise. We also noted how the early price disclosure, expanded retail participation, and governance structure preserving strong founder control could influence how future large-cap U.S. listings are structured.

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SpaceX IPO could lift Elon Musk net worth above $1 trillion

Highlights

Prospectus details and IPO valuation

Wealth rankings and corporate scale

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