Elon Musk Poised to Become World's First Trillionaire as SpaceX Prepares for Historic IPO

Elon Musk is on the cusp of making history as the potential first trillionaire, with SpaceX's upcoming initial public offering (IPO) on the New York Stock Exchange. The space exploration company is set to begin trading this Friday, with shares initially priced at $135. SpaceX aims to raise $75 billion, which would value the company at an astounding $1.77 trillion, a move that would dramatically increase Musk's already substantial net worth, currently estimated at around $840 billion.

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SpaceX's New York Stock Exchange debut aims to raise $75 billion, valuing the company at $1.77 trillion, and with that transform Elon Musk's fortune, currently close to $840 billion.

Musk's financial empire is built upon a foundation of multiple successful ventures. He co-founded SpaceX, the electric car manufacturer Tesla, and the artificial intelligence firm xAI. Forbes reports that Musk owns approximately 12% of Tesla, a company he first invested in in 2004 and has led as CEO since 2008. He also holds options to acquire an additional 8% of Tesla's shares.

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Musk is the owner of around 12% of Tesla.

The SpaceX IPO also encompasses Musk's AI company, xAI, and the social media platform X (formerly Twitter), which he acquired in 2022 for $44 billion. In 2025, Musk merged X with xAI, valuing the combined entity at $113 billion. Earlier this year, SpaceX acquired xAI, further boosting its valuation to $1.25 trillion, with Musk estimated to hold a 41% stake.

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One of Musk's most famous purchases was the acquisition of Twitter in 2022, known today as X, a company he bought for $44 billion.

Beyond these major enterprises, Musk has also founded The Boring Company, focused on tunnel construction, and Neuralink, a neurotechnology company developing brain-computer interfaces. These two ventures have collectively raised about $2 billion from private investors. At 54, the South African-born magnate has long held the title of the world's richest person, having surpassed half a trillion dollars in net worth by October 2025. The SpaceX IPO could solidify his status with yet another unprecedented financial milestone.

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With those numbers, the company could reach a total valuation of $1.77 trillion.