Elon Musk is on track to become the world’s first trillionaire, driven by the soaring valuations of his business empire, particularly SpaceX.
As speculation grows around a potential SpaceX initial public offering (IPO), analysts believe Musk’s net worth would experience an unprecedented surge, further cementing his position as the wealthiest individual on the planet.
Reports reveal that SpaceX is preparing for what will be the largest Initial Public Offering (IPO) in history on June 12, targeting a valuation of $1.75 trillion. The company plans to raise $75 billion and set a share-price target of $135 ahead of its scheduled trading on the Nasdaq.
Register for Tekedia Mini-MBA edition 20 (June 8 – Sept 5, 2026).
Register for Tekedia AI in Business Masterclass.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register for Tekedia AI Lab.
CNBC notes that the valuation would make SpaceX the seventh-biggest company in the U.S. by market cap, and put it above Tesla, which is valued at about $1.6 trillion.
The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said.
Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company.
Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX’s satellite network, the source added.
The stock is expected to begin trading on the Nasdaq under the ticker SPCX. Musk’s ownership stake in SpaceX, combined with his substantial holdings in Tesla, forms the core of this projection.
At the IPO price, his SpaceX equity alone is valued at roughly $866 billion, while his Tesla stake adds another $300 billion or more. Together, these push his total net worth comfortably past $1 trillion, even before any post-IPO share price appreciation.
Musk will retain majority control and has no plans to sell shares in the offering, meaning this wealth remains largely on paper for now. Bloomberg’s Billionaires Index estimates his net worth at around $988 billion at the IPO price, with any positive trading debut likely sealing the trillionaire status immediately.
The SpaceX IPO marks a major moment not just for Musk but for the broader space and technology sectors. The company, known for its reusable rockets, Starlink satellite internet, and ambitious goals like Mars colonization, has grown into one of the most valuable private companies in the world.
Its public debut comes amid strong demand, with reports of the offering being heavily oversubscribed.
This event underscores Musk’s remarkable journey from building PayPal to leading multiple groundbreaking companies. While critics often debate valuations and timelines, the numbers speak clearly: SpaceX’s success, alongside Tesla’s, has created unprecedented personal wealth while advancing real technological progress in space travel, global connectivity, and sustainable energy.
Recall that in April this year, Prediction market data suggested that Musk is increasingly on track to make financial history, with traders assigning roughly a 71% probability that he will become the world’s first trillionaire by the end of 2026.
The forecast, drawn from Polymarket, reflects growing confidence in the continued rise of Musk’s wealth largely driven by his stakes in companies like Tesla and SpaceX,
As markets await June 12, all eyes will be on how SpaceX performs in its early days of trading, and whether Elon Musk officially claims the title of the world’s first trillionaire.