Elon Musk is poised to become the world's first trillionaire after SpaceX filed for a record-breaking stock market listing in the United States, with the rocket and satellite group targeting a valuation of up to $1.75 trillion (£1.3 trillion) on the Nasdaq as early as 12 June, according to documents and reports.
Elon Musk has spent the past two decades turningSpaceX from a scrappy challenger into a dominant forcein commercial space launches and satellite internet. The privately held company now sits alongside Tesla and X (formerly Twitter) in a web of ventures that has already made Musk one of the richest people on the planet.
Blast off! Elon Musk to become world's first trillionaire with SpaceX set for the biggest stock market listing everhttps://t.co/Wjor784XVd
The long‑mooted flotation of SpaceX has been trailed for years, what is new, and startling even in an era of tech superlatives, is the sheer scale of the valuation now being put on his space empire and the suggestion this alone could push his personal wealth beyond the $1 trillion mark.
According to its prospectus, SpaceX has opted to list on the Nasdaq, offering public investors a slice of what has until now been one of the world's most closely watched private companies. Insiders cited in the filing and in market briefings claim that Elon Musk is aiming to raise about $75 billion (£55.8 billion) from the initial public offering, based on a headline valuation of around $1.75 trillion.
Even at a lower valuation, the sums remain eye‑watering. The paperwork showsMusk will retain 85.1 per cent of SpaceX's voting power, preserving tight control over strategy and governance. Analysts have calculated that if the company listed closer to $1.25 trillion (£930 billion), his majority stake would still be worth more than $600 billion (£446 billion). Fold in his existing holdings in Tesla and other assets, and it is this arithmetic that fuels the claim he is 'set' to become the first individual in history whose net worth exceeds $1 trillion.
Elon Musk is on the verge of becoming the world's first trillionaire after drawing up plans for a record-shattering stock market launchhttps://t.co/Mtv9RUBbfGpic.twitter.com/q0LZyjhyN0
Nothing about future valuations is guaranteed, and market conditions can shift quickly. For now, though, SpaceX's prospective price tag would put it in the same league as the biggest US tech giants, despite operating in a sector still largely experimental and capital‑hungry.
If there is any doubt about the scale of SpaceX's ambition, its own language dispels it. The filing declares, 'We believe we have identified the largest actionable total addressable market (TAM) in human history. We estimate that our quantifiable TAM is $28.5 trillion.'
That number reflects not just launch services or satellite internet, but a sweeping plan to dominate what Musk views as the entire future off‑world economy. The company sets out a mission to 'build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.'
Source: International Business Times UK
