SpaceX IPO could double Musk's fortune and bring it closer to $1 trillion - Bloomberg
Musk is by a wide margin already the world's richest businessman
Elon Musk's fortune, now estimated at $460.6 billion, could more than double in the event of an IPO of his space company SpaceX in 2026 at a valuation of $1.5 trillion, Bloomberg has calculated. That SpaceX is targeting such a valuation was revealed by the agency's sources a day earlier.
According to Bloomberg Billionaires Index, Musk's stake in SpaceX is 42%. Its value in case of initial public offering of SpaceX may exceed $625 billion - against $136 billion, in which it can be estimated now, the agency writes.
This amount does not include the billionaire's large stakes in other companies, including electric car manufacturer Tesla. Musk's total fortune after the SpaceX IPO will be $952 billion, according to Bloomberg.
Musk and a SpaceX spokesman did not respond to the agency's inquiries.
What does that mean?
The initial public offering of SpaceX shares creates another path for Elon Musk to become the world's first trillionaire - a month after Tesla investors voted for a record $1 trillion compensation for Musk, Bloomberg writes. This bonus will only accrue if the company achieves a number of targets. The most ambitious of them include achieving Tesla's market value of $8.5 trillion (versus about $1.5 trillion now) and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $400 billion, up from less than $13 billion last year, the agency notes.
SpaceX, for its part, continues to rapidly increase its valuation and attract high investment interest, Bloomberg writes. Starlink is preparing a deal in which employees will be able to sell about $2 billion worth of shares, based on a valuation of more than $800 billion, the agency previously reported. If completed, SpaceX would once again become the world's most valuable private company, reclaiming the title that went to OpenAI this year and adding more than $180 billion to Musk's fortune.
In addition, the entrepreneur still has another asset - the artificial intelligence startup xAI, valued in September at $200 billion.
This article was AI-translated and verified by a human editor
