SpaceX IPO could lift Elon Musk's net worth above $1 trillion
Elon Musk is nearing trillionaire status as SpaceX prepares for what could become the largest initial public offering in history. The company plans to sell about 555.6 million shares at $135 each, targeting roughly $75 billion in proceeds and a valuation near $1.75 trillion to $1.77 trillion.
Highlights
- SpaceX is targeting a $135 IPO price and a valuation near $1.75 trillion to $1.77 trillion.
- The company plans to raise roughly $75 billion, potentially more if underwriters use their option.
- Musk’s SpaceX stake is valued at more than $866 billion on paper.
- His Tesla holdings and options could push his net worth above $1 trillion.
SpaceX sets up a record IPO
According to CNBC, SpaceX is expected to list on Nasdaq under the ticker SPCX as soon as next week. The planned offering would be more than twice the size of Saudi Aramco’s 2019 listing, which raised about $29 billion and currently stands as the largest IPO on record.
The transaction would also place SpaceX among the most valuable U.S. companies, ahead of many established public technology groups. SpaceX expects net proceeds of about $74.4 billion, rising to $85.7 billion if underwriters fully exercise their options.
Musk wealth moves toward $1 trillion
Based on the updated prospectus figures cited in the report, Musk owns SpaceX shares worth more than $866 billion on paper. That is in addition to a Tesla stake valued at more than $350 billion, plus options that could add more than $100 billion if performance targets are met.
Forbes already ranks Musk as the world’s richest person, far ahead of the next tier of technology billionaires. Its 2026 billionaires list put him at No. 1 and described him as the richest person ever recorded, with wealth driven largely by Tesla and SpaceX.
Musk would retain dominant control after the offering. Reports citing the filing say he would hold more than 82% of SpaceX voting power, supported by a dual-class share structure.
A market test for Musk companies
The IPO would give public investors direct exposure to SpaceX, Starlink and Musk’s broader AI ambitions through xAI. But the valuation also comes with scrutiny: WIRED reported that SpaceX generated $18.7 billion in revenue last year and lost $4.9 billion, reflecting heavy spending on AI infrastructure and rocket development.
If SpaceX prices near the expected level, Musk would oversee two of the most valuable U.S. companies and become the clearest example yet of how space, AI and public markets are reshaping personal wealth.
It was earlier reported that SpaceX targets $135 IPO price as it pursues record $75B capital raise.
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