Elon Musk is already the richest person in the world. Now, SpaceX’s upcoming IPO could take them closer to a milestone that no one has achieved before – that is, $1 trillion net worth. SpaceX, officially known as Space Exploration Technologies Corp, is raising $75 billion through the largest IPO in history. The company has fixed the offer price at $135 per share, which will bring the valuation of this giant rocket and satellite manufacturing company to around $1.77 trillion. It is expected that the price of the IPO will be decided on June 11 and its trading will start on Nasdaq a day later.
Will this IPO make Musk a trillionaire?
The calculations show that it can cross this mark within some time of listing. According to the Bloomberg Billionaires Index, Musk’s current net worth is estimated at around $716 billion, of which his stake in SpaceX is valued at around $542 billion. SpaceX’s IPO documents show that Musk is not selling any shares in this offering and that he will retain control over the company even after the listing. Regulatory filings indicate that he will retain about 82.4 percent of the voting power through a special class of shares. At the proposed IPO valuation of $1.77 trillion, the value of Musk’s stake in SpaceX would increase rapidly.
This is the complete mathematics of becoming a trillionaire
Musk’s path to becoming the world’s first trillionaire largely depends on the success of SpaceX’s listing. According to CNN, Musk already owns Tesla stock and options worth approximately $273 billion. If SpaceX lists at its targeted $1.77 trillion valuation, his stake in the company could be valued at around $841 billion, as he owns almost half of the business. Overall, Musk’s holdings in Tesla and SpaceX would be valued at approximately $1.11 trillion, making him the first person in history to cross the trillion-dollar mark in net worth.
SpaceX is planning to sell 555.6 million shares, which will generate approximately $75 billion. This amount is almost three times more than the amount raised from Saudi Aramco’s record-breaking IPO in 2019. According to reports, demand from investors has reached approximately $150 billion, which suggests that the issue has already been oversubscribed almost two times.
30 percent for retail investors
Unlike most large public offerings, this issue is structured entirely as a primary sale. This means that all the earnings from this will go to SpaceX instead of the existing shareholders. The company has also kept 30 percent of this offering for retail investors, which is a very high share for such a big IPO. Despite the company being in loss, there is a lot of enthusiasm about its listing.
SpaceX recorded revenue of $18.67 billion in 2025, which was 33 percent more than a year earlier, but the company also suffered a net loss of $4.94 billion. Instead, investors are betting on the company’s strong position in commercial space launches, its fast-growing Starlink satellite internet business, growing defense contracts and emerging opportunities in artificial intelligence infrastructure.
May be included in top 10
Based on the IPO valuation, SpaceX will immediately become one of the ten most valuable listed companies in the US and join a select club of companies like Nvidia, Microsoft, Apple and Amazon. Whether Musk will become a trillionaire immediately after the listing or not will depend on what value the market gives to SpaceX after the start of trading. But even if they don’t reach this milestone initially, this IPO will bring them closer to the trillion-dollar milestone than anyone else has ever come.
