SpaceX files plans for mega IPO that could make Elon Musk the world’s first trillionaire

The offering is likely to push him over the 13-figure mark. He’s already close, with an estimated net worth of $823 billion.

Elon Musk attends the finals for the NCAA Division I men’s wrestling championships on March 22, 2025, in Philadelphia. [Photo: AP Photo/Matt Rourke, File]

Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world’s first trillionaire.

A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk’s ambitions to set up a base on the moon, put data centers the size of several football fields in orbit and possibly one day send a man to Mars.

The sources spoke on condition of anonymity because they were not authorized to talk publicly about the confidential registration with the Securities and Exchange Commission.

SpaceX did not respond immediately to a request for comment.

Exactly how much SpaceX plans to raise has not been disclosed, but the figure is reportedly as much as $75 billion. At that level, the offering would easily eclipse the $29 billion that Saudi Aramco raised in its initial public offering in 2019.

The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion, nearly double what the company was valued in December when some minority owners sold their stakes, according to research firm Pitchbook, before an acquisition that increased its size.

Musk owns 42% of the SpaceX now, according to Pitchbook, though that figure will change with the IPO when new owners are issued shares. In any case, he is likely to pierce the trillion-dollar mark because he is already close, with a net worth estimated by Forbes magazine at $823 billion.

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