Elon Musk is edging closer to becoming the world’s first trillionaire after SpaceX filed for what could become one of the largest initial public offerings (IPOs) in corporate history.
Based on details contained in the company’s latest prospectus, Musk owns about 5.1 billion shares in the rocket and artificial intelligence company, alongside roughly 350 million stock options priced at $8.39 each.
If the IPO achieves the widely anticipated $2 trillion valuation, Musk’s total fortune could climb to an estimated $1.1 trillion, cementing his position as the wealthiest individual globally, Bloomberg reported.
Even at a lower valuation of $1.75 trillion, Musk would still likely cross the trillion-dollar threshold when combined with his existing holdings in Tesla and stakes in several other ventures.
The development marks another milestone in Musk’s rapid wealth expansion, driven largely by the soaring valuations of his technology companies and investor appetite for artificial intelligence and space infrastructure businesses.
According to the filing, the IPO is expected to price on June 11, with trading potentially commencing the following day. The offering is already attracting intense market attention as investors position for exposure to one of the world’s most valuable private companies.
Bloomberg Billionaires Index currently estimates SpaceX’s valuation at approximately $1.03 trillion, based on prior private transactions and the integration of xAI into the company earlier this year. The listing is expected to significantly reprice Musk’s holdings once public market valuation takes effect.
The filing also provided rare insight into Musk’s compensation structure at SpaceX, which mirrors the aggressive performance-based model previously used at Tesla.
One compensation package could award Musk an additional 1 billion restricted shares if SpaceX’s market capitalisation exceeds $7.5 trillion. However, the conditions attached to the award go far beyond conventional corporate targets.
The company would first need to establish a permanent human settlement on Mars populated by at least one million people.
Another incentive package would grant Musk more than 300 million additional shares tied to valuation milestones approaching $6.6 trillion and the successful deployment of non-Earth-based data centers capable of generating 100 terawatts of computing power annually.
Musk’s fortune has seen a historic rise over the past year, largely powered by the explosive growth of SpaceX and its AI ambitions.
In February 2026, Musk’s net worth surged to about $852 billion after SpaceX completed a merger with artificial intelligence and social media company xAI in a transaction that valued the combined entity at roughly $1.25 trillion.
The deal reportedly added about $84 billion to Musk’s personal fortune overnight.
That milestone came barely two months after Musk became the first individual in modern history to surpass the $600 billion wealth mark.
At the time, reports estimated his net worth at approximately $677 billion following a SpaceX tender offer that doubled the company’s valuation from $400 billion in August 2025 to $800 billion by December of the same year.
