HISTORY AWAITS AS ELON MUSK SET TO BECOME WORLD’S FIRST TRILLIONAIRE AS SPACEX IPO NEARS MEGA VALUATION

A post on X claimed Musk is close to a huge milestone. The Kobeissi Letter wrote: “Elon Musk is about to make history: If SpaceX IPOs at a $1.5 trillion valuation, his stake in the company ALONE would be worth $625 billion. This would bring his total net worth to a record $952 BILLION… Elon Musk may soon be the first trillionaire in history. It pays to innovate.”

Polymarket data shows strong odds for a massive IPO. There is a 67% chance the SpaceX IPO will close at a valuation above $1 trillion, according to Polymarket. Reports say Musk could more than double his existing fortune. Business Times said Musk, already the richest man, could more than double his US$460.6 billion fortune if SpaceX goes public at US$1.5 trillion next year.

SpaceX IPO valuation boost

His SpaceX stake alone could cross US$625 billion. Bloomberg Billionaires Index calculated that Musk’s stake in SpaceX would be over US$625 billion at that valuation, up sharply from US$136 billion today. Musk’s total wealth could reach US$952 billion. His overall fortune would become US$952 billion, nearly US$491 billion more than now, according to Bloomberg’s calculations.

The IPO becomes a second path to becoming a trillionaire. The report said this IPO gives Musk another clear route to trillionaire status, after he recently secured the first 12-figure pay package at Tesla. Musk owns around 42% of SpaceX. Bloomberg estimated his stake using FCC filings and dilution data, showing he owns roughly 42% of the Texas-based company.

Musk’s trillionaire journey

His current SpaceX stake value is based on a 2024 deal. Bloomberg used a December 2024 secondary sale at a US$350 billion valuation to value his stake at US$136 billion after applying a private-company discount, as per the report by Bloomberg.

Some 2023 share sales hit higher numbers but were not counted. Secondary sales earlier this year valued SpaceX at about US$400 billion, but Bloomberg did not include it because the amount sold was unclear; Pitchbook estimated sales at less than US$50 million. Musk faces big challenges on the Tesla side. His Tesla pay package only pays out if Tesla hits huge targets, including a market value of US$8.5 trillion (from US$1.5 trillion now) and adjusted earnings of US$400 billion (from under US$13 billion last year).

SpaceX growth and Musk’s rising wealth

Tesla’s board says the package is needed to keep Musk focused. The board argued the giant pay plan is necessary to ensure Musk stays committed as CEO. A US$1.5 trillion SpaceX IPO would almost match Saudi Aramco’s record. Aramco went public in 2019 at US$1.7 trillion, supported by US$360 billion revenue the year before; SpaceX expects US$15 billion revenue this year.

SpaceX still has strong momentum and investor demand. The company is working on a new deal allowing employees to sell around US$2 billion worth of shares at a valuation above US$800 billion, Bloomberg reported.

This could again make SpaceX the world’s most valuable private company. If finalised, it would put SpaceX back on top after briefly losing that spot to OpenAI and would add over US$180 billion to Musk’s net worth. Musk has another shot at trillionaire status through xAI. If other routes fail, Musk still has xAI, which reached a US$200 billion valuation in September, says Bloomberg report.

FAQs

Q1. How can Elon Musk become the world’s first trillionaire?

He could become a trillionaire if SpaceX goes public at about US$1.5 trillion, which would make his stake worth over US$625 billion and push his total wealth near US$1 trillion.

Q2. Why is the SpaceX IPO important for Elon Musk’s net worth?

The IPO could more than double his current fortune because Bloomberg says the new valuation would massively increase the value of his 42% stake in SpaceX.