Elon Musk to become the world’s first trillionaire
SpaceX plans to raise up to $75 billion in its public debut, a move that could lift Elon Musk’s net worth above $1 trillion, analysts said.
- Space Exploration Technologies Corp. plans to list on the Nasdaq under the symbol SPCX, pricing its upcoming IPO at $135 a share for a valuation of about $1.77 trillion. The offering, expected next week, aims to raise up to $75 billion.
- SpaceX CEO Elon Musk holds a stake in the rocket maker worth $866.5 billion on paper, positioning him to become the world's first trillionaire. Following the offering, Musk will maintain 82.4% voting control of the company.
- The IPO prospectus details ambitious goals including colonizing Mars with at least 1 million inhabitants, while citing potential AI revenue of up to $26.5 trillion. Compensation milestones link Musk's rewards to achieving a $7.5 trillion market cap.
- This listing serves as a major test for public markets after years of muted activity. IDC analyst Arnal Dayaratna noted SpaceX's chatbot Grok is "less impressive than anything that we see from any other major player."
- Wedbush Securities analyst Dan Ives expects Tesla and SpaceX to merge next year. Musk faces a 366-day lock-up period before he can reduce his ownership interest in the company.
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SCIENCE & TECH: SpaceX’s IPO is set to be the biggest ever and could make Elon Musk a trillionaire – One America News Network
By ALEX VEIGA and BERNARD CONDONUpdated 4:02 PM PDT, June 3, 2026 A Falcon 9 SpaceX heavy rocket lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla., Tuesday, Feb. 6, 2018. (AP Photo/John Raoux, File) NEW YORK (AP) — SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first […] Source
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