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Will SpaceX IPO Make Elon Musk a Trillionaire?
SpaceX prepares for its Nasdaq debut, targeting a $2 trillion valuation, which could make Elon Musk a trillionaire while he retains control through super-voting shares.
- SpaceX is expected to debut on the Nasdaq this month, aiming to raise $75 billion in what would be the largest United States market launch ever, with the company valued between $1.75 trillion and $2 trillion.
- The valuation surged after the Feb 2, 2026, merger with an artificial intelligence startup, making xAI a subsidiary and positioning SpaceX to dominate space-based data centers and artificial intelligence.
- CEO Elon Musk maintains tight control through "super-voting shares," holding 85 per cent of voting power, while the company carries $29 billion in debt and lacks current profitability.
- Passive investment funds must purchase nearly a quarter of the shares upon debut, meaning between 0.04 per cent and 0.15 per cent of many pension funds will be invested in the business.
- Forbes estimates Musk's net worth at $824 billion; he aims to leverage Starlink and the rocket business to dominate artificial intelligence, despite the company's lack of current profit and ambitions to conquer Mars.
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Elon Musk, SpaceX and the illusion of wealth
NEWS ANALYSIS. The upcoming stock market listing of SpaceX values the company, of which the billionaire owns less than 50%, at nearly $2 trillion. This figure relies on the success of projects that are unrealistic within any reasonable financial timeframe, such as establishing a colony on Mars or building data centers in space.
·Paris, France
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Total News Sources15
Leaning Left4Leaning Right1Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
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