Elon Musk could become the world’s first trillionaire if Space Exploration Technologies Corp. successfully completes its planned public offering at the valuation outlined in its prospectus.
The company intends to list on the Nasdaq under the ticker symbol SPCX, pricing shares at $135 each and targeting a valuation of approximately $1.77 trillion.
According to the filing, the offering could raise as much as $75 billion, making it one of the largest public listings in history.
The world’s richest person is on the doorstep of trillionaire status.
— CNBC (@CNBC) June 4, 2026
SpaceX CEO Elon Musk owns a stake in his reusable rocket maker that’s worth $866.5 billion on paper, according to the company’s updated IPO prospectus published on Wednesday. SpaceX said it plans to price its… pic.twitter.com/OvdMcA33WK
Musk’s stake in the company is valued at roughly $866.5 billion on paper, and he is expected to retain 82.4% voting control following the offering.
The prospectus highlights ambitious long-term objectives, including the establishment of a self-sustaining human settlement on Mars with at least one million residents.
It also outlines substantial expectations for future artificial intelligence-related revenue and includes compensation milestones tied to achieving a market capitalization of $7.5 trillion.
The IPO is being viewed as a major test for public markets after a prolonged slowdown in large listings. Analysts remain divided on the company’s prospects, while investors closely watch whether the offering can support its record-breaking valuation.
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TIPP Staff
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TIPP Staff
