SpaceX to make historic IPO, Musk could become world’s first trillionaire
Elon Musk’s SpaceX on Thursday confirmed it will begin trading on the Nasdaq exchange Friday in what it says will be the biggest initial public offering in history, a blockbuster debut that could propel the entrepreneur to trillionaire status.
In a filing with the U.S. markets regulator, the company priced more than 555 million shares at $135 each, placing SpaceX in the top 10 of Wall Street’s biggest companies with a valuation of just under $1.8 trillion. The company, formally known as Space Exploration Technologies Corp., said Wednesday, June 3, 2026, it will sell 555.6 million shares at $135 a piece, giving SpaceX a market value of $1.77 trillion.
The offering would raise up to $75 billion, setting the stage for the largest-ever stock market debut and easily topping the $26 billion raised by oil giant Saudi Aramco in 2019.
Mr. Musk isn’t selling any of his shares in the offering, and he would have 82.4% of the voting power in SpaceX after listing. Forbes currently values Musk’s net worth at $825 billion and his stake in SpaceX at $542 billion. SpaceX’s market debut, expected around June 12, will “all but guarantee his net worth rising above $1 trillion,” Forbes said in April when the company first filed to list on the Nasdaq.
