SpaceX has officially filed for what could be the largest initial public offering (IPO) in history, seeking to raise up to $80 billion at a valuation of up to $2 trillion. The rocket, satellite, and AI company plans to debut on the Nasdaq under the ticker SPCX on June 12, following a roadshow starting June 4. If successful, the IPO would make Elon Musk the world’s first trillionaire, as his 6.4 billion shares in SpaceX alone could be worth $830 billion, according to Barron’s. Adding his $290 billion stake in Tesla, Musk’s net worth could surpass $1.1 trillion, though Bloomberg’s Billionaires Index currently estimates it at $722 billion.
The IPO would also deliver massive windfalls for SpaceX employees and early investors. Chief Operating Officer Gwynne Shotwell and Chief Financial Officer Bret Johnsen each hold stakes worth over $1 billion, while director Antonio Gracias owns 503 million shares potentially worth $70 billion. Hedge funds like Darsana Capital Partners and D1 Capital Partners stand to gain billions from their early investments.
SpaceX’s prospectus outlines ambitious plans, including space tourism, asteroid mining, lunar cargo transport, and a Mars colony with at least one million people. Musk has framed the venture as a step toward a space-faring civilization, stating, ‘You want to wake up in the morning and think the future is going to be great.’ The filing does not yet specify how much new money SpaceX seeks or the exact IPO date, but the valuation would surpass the previous record held by Saudi Aramco’s $1.7 trillion listing.