NEW YORK, May 21 – Elon Musk is on track to become the world’s first trillionaire as SpaceX prepares for one of the most closely watched public listings in corporate history.
According to the company’s IPO prospectus released Wednesday, Musk owns about 5.1 billion SpaceX shares alongside roughly 350 million stock options with a strike price of $8.39.
If SpaceX debuts at a $2 trillion valuation, Musk’s overall fortune could rise to approximately $1.1 trillion when combined with his holdings in Tesla and other businesses.
Even at a valuation of $1.75 trillion, Bloomberg estimates Musk would still surpass the trillion-dollar mark.
The development would mark a historic milestone in global wealth accumulation and further underscore the growing concentration of wealth within the technology sector.
Musk, 54, has remained the world’s richest individual for nearly two years, driven largely by the rapid appreciation of his stakes in SpaceX, Tesla and artificial intelligence ventures.
The Bloomberg Billionaires Index currently values SpaceX at about $1.03 trillion based on previous funding rounds and tender offers before the company’s planned public debut.
The IPO is expected to price on June 11, with trading anticipated to begin the following day.
The filing also revealed additional details about Musk’s compensation structure at SpaceX, formally known as Space Exploration Technologies Corp.
Similar to his controversial compensation package at Tesla, Musk’s SpaceX incentives are tied to ambitious operational and valuation milestones.
One performance package could award him one billion restricted shares if SpaceX surpasses a $7.5 trillion valuation and establishes a permanent human settlement on Mars with at least one million residents.
Another award structure ties hundreds of millions of shares to market capitalization milestones approaching $6.6 trillion, alongside the development of non-Earth-based data centers capable of generating 100 terawatts of computing power annually.
The scale of the targets reflects Musk’s long-term ambitions around space exploration, artificial intelligence and interplanetary infrastructure.
Even without achieving those milestones, analysts expect Musk to remain comfortably ahead of other global billionaires for years.
At an estimated $1.1 trillion fortune, his wealth would be more than triple that of the world’s next-richest individual, Larry Page, co-founder of Google.
The IPO would also create several new billionaires within SpaceX leadership, including President Gwynne Shotwell, Chief Financial Officer Bret Johnsen and board member Luke Nosek.
Musk’s rapidly expanding fortune has also intensified criticism from political opponents and progressive lawmakers who argue that extreme wealth concentration poses broader economic and political risks.
