Elon Musk can become the world’s first trillionaire. The IPO of his aerospace company SpaceX is coming on June 12, which is expected to take his wealth to $1.11 trillion. Musk owns about half the stake in SpaceX.
The world’s richest man Elon Musk may soon create a new history. If reports are to be believed, he is going to become the world’s first trillionaire. It is estimated that his total wealth may increase to around $1.11 trillion.
SpaceX IPO is a big reason
According to reports, Musk’s aerospace company SpaceX is launching its Initial Public Offering (IPO) today i.e. on June 12. It is believed that this will be one of the biggest listings in the history of the stock market. Elon Musk’s space technology company will be listed on Nasdaq with the ticker symbol ‘SPCX’. Its listing will be at 9:30 am according to American time, which is 7 pm according to Indian time. It is estimated that after this IPO, the valuation of the company can reach around 1.77 trillion dollars.
Musk holds about half the stake in SpaceX. If the company’s valuation remains as estimated, his personal net worth will reach $1.11 trillion. Let us tell you that the wealth of 1 trillion dollars is more than the annual GDP of countries like Taiwan, Ireland, Sweden and Singapore.
How much is the property now?
According to a recent estimate, Elon Musk’s net worth is currently around $707 billion. The report also says that in 2026 alone, his wealth has increased by about $87.5 billion.