Elon Musk is on the verge of becoming the world’s first trillionaire as SpaceX prepares for its highly anticipated public market debut.

According to the company’s latest filing, SpaceX intends to offer 555.6 million shares at a fixed price of $135 per share, raising approximately $75 billion in what would become the largest initial public offering ever completed.

Unlike most IPOs, which typically establish a pricing range before final pricing, SpaceX has opted for a fixed offering price, reflecting strong investor demand and confidence in the company’s long-term growth prospects.

Trading is expected to begin on June 12 under the ticker symbol SPCX.

Musk’s SpaceX Stake Approaches $900 Billion

At the proposed IPO valuation, Musk’s ownership stake alone would be worth an estimated $866.5 billion.

Through a dual-class share structure, Musk controls approximately 42% of SpaceX’s economic interest while maintaining roughly 82% of the company’s voting power through Class B shares.

The valuation highlights the extraordinary growth of SpaceX, which has transformed from a private aerospace startup into one of the world’s most valuable technology companies.

Tesla Holdings Push Total Wealth Higher

In addition to SpaceX, Musk remains Tesla’s largest shareholder.

Based on recent regulatory filings, Musk owns approximately 717 million Tesla shares. At a share price near $420, that stake is valued at roughly $301 billion.

Combining his estimated SpaceX and Tesla holdings produces a theoretical value of approximately $1.17 trillion before accounting for other investments and business interests.

Musk also holds ownership stakes in several other ventures, including Neuralink, The Boring Company, and various private investments.

Bloomberg Estimate Nears Trillion-Dollar Threshold

While simple ownership calculations place Musk comfortably above the trillion-dollar mark, most wealth calculations apply discounts to account for liquidity constraints, lock-up periods, and ownership concentration.

The Bloomberg Billionaires Index currently estimates Musk’s net worth at approximately $988 billion based on the proposed IPO price.

Under that methodology, even a modest rise in SpaceX shares following its market debut could push Musk’s estimated net worth above $1 trillion for the first time.

Investors Focus on Growth Potential

Despite continuing losses, investor enthusiasm remains strong.

SpaceX has expanded rapidly through Starlink, its satellite internet business, which now serves millions of subscribers globally and generates the majority of company revenue.

At the same time, the company continues investing heavily in Starship development and artificial intelligence initiatives tied to its merger with xAI.

These investments have significantly increased capital expenditures and cash burn, but investors appear willing to tolerate near-term losses in exchange for exposure to long-term growth opportunities across aerospace, satellite communications, and AI infrastructure.

Governance Concerns Take a Back Seat

Some analysts have raised concerns regarding SpaceX’s governance structure, particularly its dual-class share arrangement that gives Musk overwhelming voting control.

However, similar concerns have historically had little impact on investor demand for companies associated with Musk, as many shareholders remain focused on his track record of building disruptive businesses and generating substantial long-term value.

The strong anticipated demand for SpaceX shares suggests investors are prioritizing future growth potential over governance-related risks.

Outlook

SpaceX’s public debut represents a landmark moment for both capital markets and Elon Musk’s business empire.

If shares trade above the $135 offering price after listing, Musk is likely to become the first individual in history to achieve a net worth exceeding $1 trillion, depending on the methodology used to calculate wealth.

Beyond the personal milestone, the IPO will serve as a major test of investor appetite for large-scale AI, aerospace, and infrastructure companies at a time when enthusiasm for transformative technologies remains exceptionally strong.