The world’s richest man, Elon Musk, stands on the verge of a major financial milestone that would etch his name into history – becoming the world’s first trillionaire. The reason behind his potential ascent to this position is tied directly to the possible initial public offering (IPO) of his private aerospace and satellite communications company, SpaceX.
According to calculations by the Bloomberg Billionaires Index, a successful listing at an ambitious valuation of $1.5 trillion would almost double Musk’s current net worth of $460.6 billion, elevating him to an almost instant trillionaire. Musk himself hinted at the IPO happening, as he confirmed on a post on X about the SpaceX public offering, calling Ars Technica reporter Eric Berger’s explanation of an imminent IPO accurate.
Elon Musk’s $1.5 trillion fortune could happen soon
Musk’s current path to the 12-figure wealth club has been accelerated by two primary ventures. The first is his record-setting, performance-based pay package at Tesla, which requires the electric carmaker to hit an astronomical market value of $8.5 trillion. The second, and more immediately impactful, is the potential opening of SpaceX’s IPO.
The financial calculations indicate that if SpaceX were to list at the target of $1.5 trillion, Musk’s approximately 42% stake in the Starbase would be instantly valued at over $625 billion. This value, combined with his stakes in Tesla and other ventures like xAI (which recently hit a $200 billion valuation), would push his total personal net worth to $952 billion. This represents a potential gain of nearly $491 billion from his current estimated wealth, setting the stage for a never-before-seen leap toward the trillion-dollar mark.
Are Musk’s trillionaire dreams too ambitious?
The $1.5 trillion valuation target is not without major challenges. According to NDTV World, public listing at that price would nearly match the record set by Saudi Aramco’s 2019 IPO, which achieved a $1.7 trillion valuation. However, Aramco was reporting $360 billion in revenue the year before its listing. On the other hand, SpaceX is reportedly expecting revenue of only around $15 billion this year, as Bloomberg reported.
Despite the gap in revenue, SpaceX maintains a strong track record of rapidly increasing private valuations, all credited to the success of its Starlink satellite internet service and its ambitious Starship rocket program. The company is already the world’s most valuable private company, with a recent secondary sale valuing the firm at around $400 billion.
SpaceX is currently focused on expanding into the Indian market after clearing all telecom regulations and hurdles. In a recent social media post, Musk confirmed that he was excited to work with the government officials and establish an internet network mesh that provides greater access to internet connectivity in remote locations.
