SpaceX IPO will make Elon Musk the world's first and only trillionaire

Elon Musk is one step away from becoming the world's first trillionaire: if the IPO of his company SpaceX is capitalized at $2 trillion, the businessman's fortune could grow to $1.1 trillion. Even a more modest scenario - $1.75 trillion - would allow Musk to cross the trillion-dollar threshold, taking into account his stake in Tesla and other companies, Bloomberg writes.

The gap with other billionaires will be so large that Musk is likely to remain the world's richest man for several more years, the agency said. With a fortune of $1.1 trillion, he will be more than three times richer than the closest in the Bloomberg ranking - Google co-founder Larry Page with $328 billion.

According to the latest Forbes data, Musk's fortune is estimated at $807.7 billion.

Calculations regarding the increase in Musk's fortune to more than a trillion dollars are based primarily on his share in SpaceX: as it became known from the IPO prospectus, the founder and head of the world's most expensive aerospace and defense company owns about 5.1 billion of its shares. In addition, he has about 350 million options to buy SpaceX shares.

According to Bloomberg, SpaceX is now valued at $1.03 trillion, based on the outcome of the investor round at the end of 2025 and the value of xAI before Musk merged the companies. The Wall Street Journal reported that SpaceX's valuation reached $1.25 trillion after the xAI takeover.

A prospectus filed by Musk's aerospace company with the U.S. Securities and Exchange Commission disclosed the terms of Musk's remuneration in Space Exploration Technologies - as SpaceX is officially called. The most generous package will entitle him to receive 1 billion SpaceX shares if the company's capitalization exceeds $7.5 trillion - more than any other company on the planet. But capitalization growth alone is not enough: SpaceX must first create a permanent colony on Mars with at least 1 million people.

Another bonus package gives Musk the right to buy more than 300 million shares - if conditions are met related to reaching target capitalization levels, the top of which is nearly $6.6 trillion. For Musk to receive this bonus, SpaceX must also build data centers off Earth with an estimated computing capacity described in the prospectus as 100 terawatts per year.

SpaceX will be able to start a series of meetings with investors 15 days after the publication of the IPO prospectus, i.e. June 4, states WSJ. The stock exchange debut is expected on June 12. The shares will trade on Nasdaq under the ticker SPCX. The IPO may become the largest in history: SpaceX expects to raise at least $80 billion - three times the record of Saudi Aramco, set 7 years ago.

This article was AI-translated and verified by a human editor