Elon Musk is on the verge of a financial milestone never before achieved in modern history. SpaceX has priced its initial public offering (IPO) at $135 per share, valuing the company at approximately $1.77 trillion and positioning the aerospace and technology giant for what could become the largest public offering ever recorded.
If the listing performs as expected, Musk's combined holdings in SpaceX and Tesla could propel his personal fortune beyond the $1 trillion mark, making him the world's first trillionaire.
A record-breaking public debut
According to company filings, SpaceX plans to offer 555.6 million shares in the public market, aiming to raise approximately $75 billion. The valuation would comfortably surpass the record set by Saudi Aramco's 2019 public offering, which raised $29.4 billion and remains the largest IPO by capital raised.
The company had announced plans to go public last month but did not disclose pricing details at the time. Trading is expected to begin next week.
The IPO marks a major moment not only for SpaceX but also for global capital markets, as investors gain direct access to one of the world's most closely watched private technology companies.
Musk's trillion-dollar milestone
The listing's biggest headline may be its impact on Elon Musk's personal wealth.
Regulatory filings show Musk owns roughly half of SpaceX and is expected to retain a similar stake following the IPO. Due to enhanced voting rights attached to some of his shares, he will continue to control more than 82 per cent of the company's voting power. At the IPO valuation, Musk's SpaceX holdings alone would be worth an estimated $841 billion.
When combined with his Tesla stake, currently valued at nearly $300 billion based on recent market prices, his total net worth could rise to around $1.1 trillion.
Such a figure would place him comfortably ahead of the world's wealthiest individuals and establish a new benchmark in personal wealth creation.
A test case for future tech giants
Beyond Musk's fortune, the SpaceX offering is being closely watched as a potential indicator for future mega-listings in the technology sector.
Several artificial intelligence companies, including Anthropic and OpenAI, have seen valuations surge toward the trillion-dollar mark in recent years. Market analysts believe their eventual public offerings could follow the path SpaceX is now carving out.
The success or failure of the SpaceX IPO may therefore influence investor appetite for the next generation of technology giants seeking public capital.
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More than a space company
Founded in 2002, SpaceX has evolved far beyond its origins as a rocket manufacturer. The company has become a dominant force in commercial space launches, satellite internet services through Starlink and advanced aerospace technology. Its growing role in artificial intelligence and next-generation communications has further strengthened investor interest.
The IPO represents a pivotal moment for a company that has spent years reshaping the economics of space travel while remaining privately held.
Now, with public investors preparing to buy into the business for the first time, SpaceX is poised to make financial history. And if the market responds positively, Elon Musk could soon enter a category of wealth that until now has existed only in speculation.
