SpaceX IPO Nears Could Elon Musk Become the First Trillionaire?

SpaceX IPO and what it means for Musk

Elon Musk is on the verge of another historic milestone. According to an updated IPO prospectus, SpaceX plans to list shares at an offering price of $135 each, valuing the company at roughly $1.77 trillion on debut. The public offering is scheduled for June 12 and would be among the largest in history.

On paper, Musks stake in SpaceX would be worth about $866.5 billion. Add his estimated Tesla holding currently valued around $355 billion plus stock options with potential value exceeding $100 billion, and Musk moves perilously close to the trillion-dollar mark. Forbes today estimates his net worth at roughly $826 billion, but the SpaceX IPO could push that figure substantially higher.

Control of the company would remain firmly with Musk even after the IPO. A special share structure is designed to preserve his voting power: the prospectus indicates he would retain more than 80% of voting rights. There is a one-year lock-up on sales of his shares, after which he could trim his stake or sell large blocks, should he choose to do so.

Size, risks and the investment case

SpaceX aims to raise about $75 billion through the sale a sum that would dwarf the previous record set by Saudi Aramco, which raised roughly $29 billion in its 2019 listing. The scale of the deal underlines both investor appetite for space-related businesses and the extraordinary expectations placed on Musks vision.

That vision stretches far beyond todays revenue streams. SpaceX generates income from rocket launches, satellite launches and contracts with NASA, plus revenue from its Starlink satellite internet service, but the company is still reporting losses. Last year SpaceX booked revenues of $18.67 billion and a loss of around $4.94 billion, largely driven by heavy development costs for the Starship heavy-lift rocket. For investors, the stock will be a bet on future potential crewed missions to Mars, lunar infrastructure, and even space-based data centers have all been floated as long-term use cases.

Operationally, SpaceX already holds a strong market position. It is a key partner in US government space programs and operates the Starlink constellation, giving it a diversified commercial and government revenue mix that underpins the long-term story despite near-term losses.

If the IPO goes ahead as planned, Musk would control two of the most valuable US companies SpaceX and Tesla prompting market chatter about possible strategic moves or even a future corporate alignment between the two, though such speculation remains conjecture.

For investors looking to participate in the space sector without directly buying SpaceX shares, options include diversified space or aerospace indices and ETFs, or selective single-stock investments highlighted in specialist equity reports. As always, these are high-conviction, long-term plays and come with execution and technological risk.

The SpaceX IPO is imminent, and its outcome will have ripple effects across markets, investor portfolios and billionaire rankings. Whether it crowns Musk the first trillionaire depends on final share allocations, post-IPO price action and any subsequent sales of his holdings, but the road to that milestone has clearly narrowed.