Elon Musk could become the first person in history with a fortune exceeding $1 trillion when SpaceX (NASDAQ:SPCX) begins trading on June 12, with the company’s planned IPO dramatically increasing the value of his holdings.
SpaceX is seeking to raise $75 billion through its initial public offering, according to a regulatory filing released on Wednesday. The company plans to offer 555,555,555 shares at $135 each, implying one of the largest public offerings ever completed. Unlike most IPOs, SpaceX opted to set a fixed offering price rather than provide a pricing range, reflecting what appears to be strong investor demand.
Musk owns roughly 42% of SpaceX through a dual-class share structure that gives him about 82% of the company’s voting power via Class B shares. Based on the proposed IPO price, his stake in the aerospace and satellite communications company would be worth approximately $866.5 billion on paper.
Tesla Holdings Push Wealth Above the Trillion-Dollar Mark
In addition to his SpaceX position, Musk remains the largest shareholder of Tesla (NASDAQ:TSLA).
According to recent regulatory disclosures, he owns approximately 717 million Tesla shares, excluding vested stock options. With Tesla stock trading near $420 per share, that stake is valued at roughly $301.1 billion.
Combining the estimated values of his SpaceX and Tesla holdings produces a total of about $1.168 trillion. This figure does not include Musk’s interests in companies such as Neuralink, The Boring Company, xAI, or any of his other personal investments and assets.
Bloomberg Estimate Remains Just Below $1 Trillion
The Bloomberg Billionaires Index applies adjustments for factors including lock-up restrictions and limits on share sales, resulting in a lower estimate of Musk’s net worth.
Using those adjustments, Bloomberg calculates his wealth at approximately $988 billion based on the proposed $135 IPO price. Under that methodology, any meaningful increase in SpaceX shares after trading begins could push Musk above the trillion-dollar threshold.
SpaceX Growth Driven by Starlink Expansion
SpaceX plans to trade under the ticker SPCX.
The company has experienced rapid expansion in recent years, largely fueled by the success of Starlink, its satellite internet business. Starlink now serves millions of customers worldwide and accounts for the majority of the company’s revenue.
Despite strong revenue growth, SpaceX has continued to report annual losses as it invests heavily in future technologies, including its Starship launch system and artificial intelligence initiatives linked to its merger with Musk’s xAI venture.
Capital spending has increased substantially over the past year, particularly as xAI expands data center infrastructure projects such as Colossus and Colossus II.
Investors Focus on Long-Term Potential
Although concerns remain regarding cash burn and governance issues associated with the company’s dual-class share structure, investor enthusiasm appears to be centered on Musk’s long-term vision and growth strategy.
The final IPO price is expected to be determined on the evening of June 11, with trading scheduled to begin on the Nasdaq the following day.
Want to stay up-to-date on the SpaceX IPO? Find the top asked questions from investors and follow their every move here: https://invest.investorshub.com/spacex-ipo-watch/