Elon Musk poised to be world's first trillionaire

Elon Musk poised to be world's first trillionaire When SpaceX begins trading on Friday, June 12, Elon Musk's considerable fortune will likely top $1 trillion. Pras Subramanian · Senior Reporter Fri, June 5, 2026 at 4:34 PM GMT+2 3 min read TSLA SPAX. PVT Elon Musk is poised to become the world's first trillionaire when SpaceX ( SPAX.

PVT ) stock debuts next week, with the company's target IPO price valuing his stake at a considerable $866. 5 billion on paper. On Wednesday, SpaceX said in a filing that it will seek proceeds of $75 billion from its initial public offering, a record amount for any IPO.

In the filing, the company said it would offer 555,555,555 shares at $135 each. It's an unusual move not to implement a price range and offer a set price, perhaps because demand for SpaceX stock is high. Musk holds approximately 42% of SpaceX's equity through a dual-class share structure that grants him roughly 82% of voting control via Class B stock.

At the $135 IPO price, the updated prospectus values that equity stake at $866. 5 billion. While that amount nearly gets him to $1 trillion, there's also his Tesla ( TSLA ) stake.

Musk holds approximately 717 million Tesla shares, not including vested stock options, according to the most recent regulatory filings — a position that, at the electric carmaker's current price of roughly $420 per share, is worth approximately $301. 1 billion. More from Yahoo Scout What are the main revenue drivers for SpaceX?

What makes SpaceX's IPO pricing strategy unusual? What risks do investors face with SpaceX stock? How would Musk's net worth reach trillion-dollar status?

Read more:  SpaceX IPO: How to buy the stock Add the two together — $866. 5 billion from SpaceX and roughly $301 billion from Tesla — and Musk's stakes in those two companies alone total approximately $1. 168 trillion, not including his stakes in Neuralink, the Boring Company, and other investments and assets he may have.

The Bloomberg Billionaires Index , which applies adjustments for lock-up restrictions and other constraints on his ability to liquidate shares, places his net worth at approximately $988 billion at the $135 IPO price, just below the trillion-dollar threshold. On that measure, any appreciation in SpaceX shares above the IPO level when trading opens June 12 would push Musk past the mark. SpaceX chief engineer Elon Musk takes part in a news conference at the SpaceX Starbase, in Brownsville, Texas, on Aug.

25, 2022. (Reuters/Adrees Latif) · REUTERS / REUTERS SpaceX will list under the ticker SPCX. The company has grown rapidly on the back of Starlink, its satellite internet service, which now serves millions of paying subscribers globally and generates the majority of the company's revenue.

SpaceX has continued to post annual losses as it invests in Starship, its next-generation heavy-lift rocket, and with its AI holdings from its merger with Musk's xAI. Capital expenditures have surged over the past year, as xAI spends heavily on data centers like Colossus and Colossus II. But investors appear to be looking past red flags like cash burn and corporate governance issues like a dual-class stock structure, with Musk's vision in the forefront — and a big payoff for him on the way.

Story Continues The final IPO price is expected to be set on the night of Thursday, June 11, with trading beginning the next day on the Nasdaq ( ^IXIC ). Dive deeper into the SpaceX IPO The public debut of Elon Musk's rocket and AI company is expected to make history. SpaceX seeks record $75 billion in public offering How to buy SpaceX before June 12 (IPO day) The SpaceX IPO is coming to your 401(k).

Should you be concerned? Pras Subramanian is Lead Transportation Reporter for Yahoo Finance. You can follow him on X and on Instagram .