NEW YORK: Elon Musk, already regarded as the world’s richest person, is moving closer to becoming the world’s first trillionaire as SpaceX prepares for a potential public offering at a reported market valuation of $1.75 trillion.
Musk holds a major stake in SpaceX, and analysts believe the company’s proposed valuation could significantly boost his personal wealth if the share offering moves forward as planned.
The billionaire entrepreneur is reportedly considering listing SpaceX shares on the U.S. stock market, a move that could push his net worth beyond the $1 trillion mark.
According to reports, SpaceX is targeting mid-June 2026 for its initial public offering (IPO). Company documents state that the fundraising effort is aimed at supporting long-term plans to send humans to the Moon and Mars, citing concerns about the long-term survival of humanity on Earth.
The documents reportedly state that the company does not want humanity to face the same fate as dinosaurs.
While the filings do not specify how much capital SpaceX intends to raise, several reports suggest Musk is aiming to secure around $75 billion in investment funding for future projects.
SpaceX has become one of the world’s leading private aerospace companies after successfully developing reusable rockets and building the large-scale Starlink satellite network.
Meanwhile, Musk could also potentially reach trillionaire status through Tesla, which previously approved a compensation package tied to ambitious performance targets.
However, analysts say major challenges remain. Tesla’s market value would need to climb to nearly $8.5 trillion from its current level of around $1.5 trillion for Musk to fully unlock parts of that package.
Similarly, SpaceX would face pressure to significantly grow revenues and justify a $1.75 trillion valuation if the IPO proceeds.