Elon Musk poised to be world's first trillionaire
Key takeaways
- Elon Musk poised to be world's first trillionaire When Space X begins trading on Friday, June 12, Elon Musk's considerable fortune will likely top $1 trillion.
- On Wednesday, Space X said in a filing that it will seek proceeds of $75 billion from its initial public offering, a record amount for any IPO.
- Musk holds approximately 42% of SpaceX s equity through a dual-class share structure that grants him roughly 82% of voting control via Class B stock.
Elon Musk poised to be world's first trillionaire When Space X begins trading on Friday, June 12, Elon Musk's considerable fortune will likely top $1 trillion. Pras Subramanian · Senior Reporter Fri, June 5, 2026 at 9:34 PM GMT+7 2 min read Elon Musk is poised to become the world s first trillionaire when Space X (SPAX.PVT) stock debuts next week, with the company s target IPO price valuing his stake at a considerable $866.5 billion on paper.
On Wednesday, Space X said in a filing that it will seek proceeds of $75 billion from its initial public offering, a record amount for any IPO. In the filing, the company said it would offer 555,555,555 shares at $135 each. It s an unusual move not to implement a price range and offer a set price, perhaps because demand for SpaceX stock is high.
Musk holds approximately 42% of SpaceX s equity through a dual-class share structure that grants him roughly 82% of voting control via Class B stock. At the $135 IPO price, the updated prospectus values that equity stake at $866.5 billion.