SpaceX's IPO Numbers Are So Massive They Could Make Elon Musk the First Trillionaire
SpaceX's upcoming IPO could potentially make Elon Musk the world's first trillionaire. The company projects a market value of approximately $28.5 trillion, with significant contributions from AI and its Starlink division. Despite a reported annual loss, SpaceX's innovative business model and strategic positioning in the market have garnered substantial investor interest.
- ▪SpaceX filed its IPO prospectus, projecting a market value of $28.5 trillion.
- ▪The company expects to raise between $75 billion and $80 billion, shattering previous IPO records.
- ▪Elon Musk retains 85.1 percent of the voting power through a dual-class stock arrangement.
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SpaceX's IPO Numbers Are So Massive They Could Make Elon Musk the First Trillionaire By Ben Smith | 9:00 AM on May 21, 2026 The opinions expressed by contributors are their own and do not necessarily represent the views of RedState.com. AP Photo/Jose Luis Magana Elon Musk may be about to become the world's first trillionaire. Not a government. Not a sovereign wealth fund. One American, one company, one IPO.SpaceX filed its IPO prospectus on Wednesday, and the numbers inside are staggering. The company projects its potential market at roughly $28.5 trillion, larger than the entire U.S. economy, several times over. Of that, $26.5 trillion comes from AI, $1.6 trillion from Starlink Broadband and Mobile, and roughly $400 billion from its Space division.
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