SpaceX IPO could make Elon Musk an almost instant trillionaire

The richest man in the world could more than double his $460.6 billion fortune if SpaceX succeeds in going public next year at a valuation of $1.5 trillion.

SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time. In a company message seen by Bloomberg on Friday, SpaceX said it’s preparing for a possible public offering in 2026 that would be aimed at funding an “insane flight rate” for its developmental Starship rocket, artificial intelligence data centres in space and a base on the moon.


The per-share price of $421 in its latest secondary offering, laid out by chief financial officer Bret Johnsen in the memo to shareholders, is nearly double the $212 a share set in July at a $400 billion valuation. The valuation vaults past the previous record of $500 billion OpenAI set in Oct.

Elon Musk’s stake in his space company alone would be worth more than $625 billion if that were to occur, according to calculations by the Bloomberg Billionaires Index, up from $136 billion today. That doesn’t include his multibillion-dollar stakes in a number of other enterprises, including the world’s most valuable carmaker, Tesla. His total fortune would be $952 bn, up about $491 billion from its current level, according to the calculations, which use a $1.5 trillion pre-money valuation for its estimate.

This is a Bloomberg story...

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