The world's wealthiest person is set to become significantly richer as Elon Musk's SpaceX achieves a historic milestone with the largest-ever initial public offering.
SpaceX IPO Details
On Thursday, SpaceX confirmed its IPO price at $135 per share, marking the world's largest stock market debut. The company plans to sell over 555.6 million shares, raising approximately $75 million and valuing the rocket and satellite maker at about $1.77 trillion, according to a Securities and Exchange Commission filing.
SpaceX will trade under the ticker "SPCX" on the Nasdaq and Nasdaq Texas exchanges. Trading is expected to begin Friday after an auction period to determine a fair opening price, which could be higher or lower than the $135 offering price.
Elon Musk's Net Worth
Musk's net worth was roughly $780 billion before the IPO, far ahead of Alphabet co-founder Larry Page's $300 billion, according to Forbes. Musk owns half of SpaceX and will retain nearly half of total shares after the offering, with special shares giving him 82.4% of voting power. His SpaceX stake alone is worth about $866 billion, and combined with Tesla and other ventures, his net worth exceeds $1.1 trillion, making him the world's first trillionaire.
Historical Context
SpaceX's IPO surpasses the previous record set by Saudi Aramco in 2019, which was valued at $1.7 trillion and raised over $29 billion. Musk founded SpaceX in 2022, revolutionizing the space industry with reusable rockets and Starlink satellite internet. In February 2026, SpaceX acquired Musk's AI company xAI, which owned his social media platform X.
SpaceX has contracts with NASA and other federal agencies, underscoring its pivotal role in space exploration and technology.
