SpaceX IPO Poised to Make Elon Musk World's First Trillionaire

Elon Musk is on the verge of becoming the world's first trillionaire, a milestone anticipated following SpaceX's record-breaking initial public offering. The rocket, satellite, and artificial intelligence company is set to raise $75 billion before trading begins on Nasdaq, potentially marking the largest stock market debut in history.

SpaceX sold shares at $135 each, valuing the company at nearly $1.8 trillion. According to calculations by Reuters and Forbes, Musk's substantial ownership stake means his net worth could exceed $1.1 trillion once trading commences. This would cement his status as the wealthiest individual globally and the first to possess over a trillion dollars.

The IPO also brings scrutiny, with questions arising about whether SpaceX can justify its immense valuation. Investors will be assessing the risks associated with a company of such significance being so closely tied to a single individual. If the share price holds at or above $135 at the opening, SpaceX would immediately rank among the world's most valuable public companies.

Founded in 2002, SpaceX initially gained recognition for its rocket development and private spaceflights. It has since expanded into the Starlink satellite internet network and is increasingly integrating artificial intelligence. Reuters describes SpaceX as a central pillar of Musk's business empire, which also includes Tesla, Neuralink, The Boring Company, and the social media platform X. Despite becoming a public company, Musk is expected to retain near-total control.