Musk Nears $1 Trillion as SpaceX Targets $1.75 Trillion IPO
Updated
Updated · Forbes · Jun 3
Musk Nears $1 Trillion as SpaceX Targets $1.75 Trillion IPO
3 articles · Updated · Forbes · Jun 3
Summary
$135 a share would value SpaceX at $1.75 trillion and lift Elon Musk’s fortune to about $1 trillion, making him the first person to reach 13 digits.
Musk holds 4.8 million SpaceX shares and 350 million options; at the IPO price, that stake would be worth about $688 billion, up from roughly $500 billion on prior private-market estimates.
Tesla still underpins the milestone: Musk’s nearly 12% stake is worth about $174 billion, and his Tesla options add another $121 billion, though a stock slide could keep him below $1 trillion.
SpaceX’s valuation has risen more than twelvefold since 2021 despite a $4.9 billion net loss on $18.7 billion of 2025 revenue, with investors expected to focus on Starlink growth and AI plans.
Is SpaceX's record IPO a visionary bet on the future or a financially reckless gamble?
Is Musk's AI 'money furnace' the secret key to SpaceX's future or its greatest liability?
SpaceX’s $1.75 Trillion IPO: Retail Revolution, Valuation Debates, and the Future of Space and AI
Overview
SpaceX is preparing for one of the largest IPOs in history, aiming for a $1.75 trillion valuation and planning to raise $75 billion by listing on the Nasdaq under the ticker SPCX. The IPO process has moved quickly, with the company filing an S-1 with the SEC and underwriters conducting a roadshow to set the price range. The massive scale of this offering is expected to test investor appetite, as SpaceX seeks to attract both institutional and retail investors. This historic event highlights SpaceX’s ambition and the market’s anticipation for its public debut.