Elon Musk would become the first trillionaire in history when SpaceX went public
SpaceX plans to price its long-awaited IPO later this month at a valuation of $1.75 trillion, or $135 per share, multiple outlets reported Wednesday.
That would make Elon Musk the world’s first trillionaire, valued at an estimated $1 trillion according to Forbes estimates, up from $825 billion as of 2 p.m.
Musk owns 4.8 million shares of SpaceX (or 42% of the company’s common stock) plus 350 million stock options. With an exercise price of $8.39 per share, according to an IPO prospectus filed last month.
That stash of stocks and options would be worth $688 billion if SpaceX stock actually starts trading at $135 per share. (Forbes currently values Musk’s stake at about $500 billion. Based on the $1.25 trillion valuation of the company’s merger with Musk’s artificial intelligence and social media company xAI in February.)
That would be enough to push Musk into 13 figures, given that he also owns almost 12% of Tesla shares (valued at $174 billion); Tesla stock options valued at another $121 billion; minor stakes in his brain interface startup Neuralink and his tunneling company Boring Company; and several billion dollars of wealth from previous sales of Tesla shares.
Becoming a trillionaire would be the latest major net worth milestone for Musk, 54, who just eight months ago became the first person to be worth $500 billion, in October.
Only one other person, Oracle’s Larry Ellison, has valued it at $400 billion. Musk is currently almost three times richer than the next richest person on the planet. Larry Page, co-founder of Google, who is worth an estimated $295 billion. Ellison, for his part, has fallen to $283 billion, securing third place.
