NEW YORK — Elon Musk is on the brink of becoming the world's first trillionaire as SpaceX prepares for its highly anticipated initial public offering (IPO) on the Nasdaq. Trading is scheduled to commence on Friday, June 12, 2026, under the ticker SPCX.

The SpaceX IPO Breakdown

SpaceX has filed to raise a record-breaking $75 billion in the IPO, offering 555,555,555 shares at a set price of $135 per share. The decision to list at a fixed price, rather than a range, reflects the extraordinary market demand for the aerospace giant.

• Musk’s Stake: Musk currently holds approximately 42% of SpaceX’s equity. With the company valued at the $135 IPO price, his stake is worth roughly $866.5 billion.

• Governance: Through a dual-class share structure, Musk maintains roughly 82% of the company's voting control.

  

Crossing the Trillion-Dollar Threshold

Musk’s path to the trillion-dollar mark is bolstered significantly by his holdings in Tesla (TSLA). With his approximate 717 million shares in the electric vehicle company valued at current market rates, his combined equity in SpaceX and Tesla alone totals more than $1.16 trillion.

While regulatory adjustments regarding liquidity and lock-up restrictions place his current net worth by Bloomberg’s estimates closer to $988 billion, market analysts expect that any appreciation in SpaceX shares on the first day of trading will easily push his personal wealth past the $1 trillion milestone.

The Engine Behind the Valuation

SpaceX’s rapid growth is largely driven by its Starlink satellite internet service, which now provides global connectivity to millions of subscribers. Despite significant cash burn fueled by heavy investment in the Starship rocket program and the integration of xAI’s data centers like Colossus investors appear focused on Musk’s long-term vision.

The final IPO price will be confirmed on the night of Thursday, June 11, with the official Nasdaq debut following on Friday morning.