Earlier today, media reports indicated that SpaceX, the space exploration company owned by Elon Musk, could be nearing its record breaking plan for an initial public offering (IPO) in 2026. The aim is to raise over $30 billion, with a valuation target of approximately $1.5 trillion.
Elon Musk, already the richest man in the world, could see his wealth soar to an unprecedented $952 billion if SpaceX launches an IPO next year at a massive $1.5 trillion valuation, according to new calculations by the Bloomberg Billionaires Index.
Elon currently owns about 42% of SpaceX, a stake Bloomberg values at $136 billion based on a December 2024 secondary sale that priced the company near $350 billion. If the company lists publicly at $1.5 trillion, his stake alone would be worth more than $625 billion, not including his multibillion-dollar holdings in Tesla and other ventures.
The potential offering represents Musk’s second major path to becoming the world’s first trillionaire, coming weeks after he secured the first-ever 12-figure pay package at Tesla.
SpaceX, headquartered in Starbase, Texas, has seen skyrocketing valuations driven by its Starlink satellite network, reusable launch tech, and dominance in the commercial space sector. While some secondary share sales earlier this year hinted at a valuation around $400 billion, Bloomberg did not factor those into its estimate due to limited transaction volume.
In 2024, Bret Johnsen, the chief financial officer, said a Starlink IPO would happen “in the years to come.” He gave no date.
If the IPO materializes at the projected valuation, Musk’s fortune would jump by nearly $500 billion, cementing his lead as the wealthiest individual in history.
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