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Elon Musk could soon become the world's first trillionaire following the initial public offering (IPO) of his company, SpaceX. The company announced plans to sell shares publicly for the first time, with the IPO expected to occur next month. According to a securities filing on Wednesday (May 20), SpaceX aims to raise up to $75 billion, potentially valuing the company at $1.75 trillion.
The IPO could significantly boost Musk's net worth, which currently stands at $667 billion, making him the wealthiest person on the planet. If SpaceX achieves its projected valuation, Musk's net worth could soar to $950 billion, bringing him closer to the trillionaire mark. Bloomberg reports that the probability of Musk reaching trillionaire status within the next year is 74%.
SpaceX's financial performance has been strong, with the company earning over $18 billion in revenue in 2025, marking a 33% increase from the previous year. The anticipated IPO would not only be a milestone for Musk but also a significant event for the space economy, potentially opening new opportunities for investors interested in space exploration.
Despite the excitement surrounding the IPO, investing in new public offerings can be risky. As noted by ProFG Media, retail investors often face challenges compared to institutional investors, who typically have early access to better-priced shares. Historically, many IPOs experience an initial surge in stock price but decline over the following years.
SpaceX's IPO is part of a broader trend of high-profile companies going public, with other potential candidates including OpenAI and Anthropic. As the IPO approaches, investors will be closely watching how SpaceX's public debut impacts the market and Musk's financial standing.