Elon Musk, already the wealthiest individual on the planet, stands on the cusp of an unprecedented financial milestone, with SpaceX’s upcoming initial public offering (IPO) on track to push his net worth into the never-before-seen 13-figure territory, business analysts and financial outlets confirm.
Per reporting from Forbes and the Associated Press, the private aerospace firm is preparing to launch its public debut later this month, with a projected valuation of roughly $1.75 trillion. Under the current terms, each share will be priced at $135, a structure that would allow the company to raise approximately $75 billion through the offering. If the listing proceeds as planned, it will claim the title of the largest initial public offering in global stock market history.
Musk’s vast fortune has long been closely intertwined with SpaceX’s explosive growth, and the IPO would mark another landmark achievement in the billionaire’s decades-long career of building transformative technology companies. Current filings and financial tracking show Musk holds 4.8 million shares of SpaceX common stock alongside 350 million stock options. At the proposed $135 per share share price, these existing holdings alone would be valued at an estimated $688 billion, according to Forbes’ calculations.
When combined with Musk’s existing equity stakes in Tesla, his artificial intelligence startup xAI, brain-computer interface firm Neuralink, tunnel construction venture the Boring Company, and his other business assets, the jump in SpaceX valuation will push his total net worth across the $1 trillion threshold, analysts project. That would make him the first person in recorded history to reach a trillion-dollar net worth.
Beyond reshaping global rankings of personal wealth, the SpaceX IPO will also cement the company’s position among the most valuable public corporations on Earth. At a finalized valuation of roughly $1.77 trillion, only six current S&P 500 companies would outrank SpaceX in market capitalization, the Associated Press notes.
Crucially, even after the company transitions to public ownership, Musk will retain overwhelming controlling interest in SpaceX. Through his holdings of Class B shares, which carry enhanced voting rights, Musk is positioned to hold approximately 82.4% of the company’s total voting power. He will continue to lead the firm in his triple role as chief executive officer, chief technical officer, and chairman of the board.
The planned IPO comes as the latest high-stakes milestone for Musk’s sprawling business empire, which has expanded rapidly across electric vehicles, space exploration, artificial intelligence, and emerging infrastructure technology over the past two decades. It also arrives less than 12 months after Tesla shareholders approved a landmark compensation package for Musk that could ultimately be worth more than $1 trillion if the executive hits a series of aggressive long-term growth targets for the electric automaker, multiple business outlets including CNBC, Business Insider, and NBC News have confirmed.
Shortly after that shareholder vote, Musk spoke at Tesla’s annual general meeting in Austin, Texas, where he expressed gratitude for investor support and framed the package as a foundation for transformative future growth. “I super appreciate it. Thank you, everyone,” Musk told attendees, per NBC News reporting. “What we’re about to embark upon is not merely a new chapter on the future of Tesla but a whole new book,” he added.