The much-awaited SpaceX IPO, priced at $135 a share, values the company at about $1.8 trillion. The blockbuster valuation has added an estimated $188 billion to Elon Musk's fortune, lifting his net worth to roughly $982 billion, according to Forbes calculations, and putting him firmly on track to become the world's first trillionaire.
Most of Musk's fortune is now tied to SpaceX, where he holds a stake worth roughly $866 billion. Combined with his holdings in Tesla and other ventures, his net worth is expected to exceed $1.1 trillion when SpaceX begins trading on Friday, according to Forbes and Reuters calculations based on company filings.
The IPO underscores the extraordinary investor appetite for Musk's business empire, which spans rockets, satellites, artificial intelligence, electric vehicles and social media. Prior to the share sale, Forbes estimated Musk's net worth at roughly $780 billion, already far ahead of the next richest individual, Alphabet co-founder Larry Page.
His rise to global prominence accelerated after taking over as Tesla's CEO in 2008. Musk championed the idea that electric vehicles could combine high performance with software-driven capabilities, helping reshape the global automobile industry.
Investors are now betting he can replicate that success in space and artificial intelligence. Yet SpaceX remains a capital-intensive business, and much of its valuation is linked to technologies that could take years, or even decades, to achieve their full commercial potential.
Also Read: SpaceX to list today: Should Indian investors buy shares of Elon Musk's biggest bet after missing the IPO?
However, that has not dampened investor enthusiasm. Elon Musk's SpaceX attracted more than $70 billion in orders from retail investors ahead of its stock market debut, Bloomberg News reported on Thursday.
Individual investors are expected to receive at least 20% of the shares on offer. The strong demand comes ahead of what is set to become the largest IPO in history. SpaceX is scheduled to begin trading on Nasdaq on Friday under the ticker symbol SPCX after pricing its shares at $135 each.
The company is raising about $75 billion through the offering, valuing the rocket and satellite communications giant at roughly $1.77 trillion. At that valuation, SpaceX would rank among the ten most valuable listed companies in the United States.
Elon Musk is expected to retain effective control of the company even after the IPO. Regulatory filings indicate that he will hold about 82.4% of voting rights through Class B shares, which carry ten votes per share. Public investors will receive Class A shares, which come with one vote per share.
Despite strong investor interest, SpaceX remains loss-making. For 2025, the company reported revenue of $18.67 billion and a net loss of $4.94 billion. Investor optimism is largely tied to future growth opportunities in satellite broadband, launch services, defence contracts and AI-related businesses rather than current profitability.
Musk first became a household name through Tesla and SpaceX before expanding his reach with the $44-billion acquisition of social media platform Twitter in 2022. Born in Pretoria, South Africa, to a Canadian mother and South African father, Musk later moved to the United States and graduated from the University of Pennsylvania in 1997.
