SpaceX IPO Could Make Elon Musk World's First Trillionaire

SpaceX (SPAX.PVT), the private space company owned by Elon Musk, is preparing for its initial public offering (IPO) on the Nasdaq on Friday, June 12, 2026, at an IPO price of $135 per share. This event could push Musk's net worth to $1 trillion, making him the world's first trillionaire, according to a Yahoo Finance report.

IPO Details

SpaceX shares are expected to begin trading under the ticker SPAX on June 12. The IPO price is set at $135 per share. The company's total valuation has not been disclosed, but estimates suggest it could exceed $150 billion.

Context

The IPO comes after a series of successes for SpaceX, including Starlink launches and NASA contracts. Currently, Musk's net worth is estimated at around $250 billion, mostly from his Tesla (TSLA) stake. The SpaceX listing could add hundreds of billions to his wealth.

What It Means for Investors

The IPO offers investors a chance to invest in the leading private space company. However, risks include Tesla stock volatility and regulatory challenges in the space sector. Investors are advised to monitor the stock's performance post-listing.