Elon Musk’s SpaceX IPO priced at $135 per share could make him world’s 1st trillionaire

Elon Musk’s SpaceX has priced its initial public offering (IPO) at $135 per share, offering 555.6 million shares to raise $75 billion. This values SpaceX at approximately $1.77 trillion, surpassing Saudi Aramco’s 2019 record IPO of $29.4 billion and setting a new benchmark for valuation and capital raised. The IPO is scheduled to begin trading next Friday, following SpaceX’s announcement of its plans last month without revealing the share price or valuation. Musk currently owns about half of SpaceX and will retain nearly half of its shares post-IPO, maintaining 82.4% voting control due to enhanced voting rights on some shares. At the IPO price, Musk’s SpaceX stake would be worth roughly $841 billion. Combined with his Tesla holdings, valued at nearly $300 billion based on Wednesday’s closing price, his net worth could reach around $1.1 trillion, potentially making him the world’s first trillionaire. This would surpass the combined wealth of tech billionaires like Larry Page, Sergey Brin, Larry Ellison, and Jeff Bezos. The SpaceX IPO is also seen as a potential indicator for future tech listings, particularly for AI firms like Anthropic and OpenAI, both nearing $1 trillion valuations. Investors and analysts are closely watching how the debut performs, as it could set trends for high-value tech IPOs in the coming years.