Elon Musk Poised to Become First Trillionaire as SpaceX IPO Nears
Forbes values Elon Musk at $835 billion as SpaceX prepares for a Nasdaq IPO near June 12; the share sale could push his net worth above $1 trillion in value.
Elon Musk stands on track to become the first person to top $1 trillion in personal wealth if the highly anticipated SpaceX IPO proceeds as scheduled. Forbes on Tuesday estimated Musk’s net worth at about $835 billion, a dramatic rise from the $342 billion figure published in its March 2025 billionaire list. The expected public listing of SpaceX, tentatively set for around June 12 on Nasdaq, is central to projections that would lift his fortune past the trillion-dollar threshold.
Forbes places Musk at $835 billion
Forbes’ latest estimate puts Musk far ahead of his nearest rival, Alphabet co-founder Larry Page, whom Forbes lists at roughly $298 billion. The magazine noted that the planned IPO of SpaceX would almost certainly propel Musk’s net worth above the trillion-dollar mark. Those figures reflect both public holdings and the outsized private valuations attached to SpaceX and other Musk-controlled businesses.
SpaceX IPO could value the company between $1.7 trillion and $2 trillion
Documents filed in early April and subsequent market commentary have pushed SpaceX’s possible market capitalisation well beyond earlier estimates. Initial pricing scenarios and investor interest suggest a post-IPO valuation in a range between $1.7 trillion and $2 trillion, compared with prior peak estimates near $1.5 trillion in March. The broader trading in private markets has also shown a sharp rise in recent months, feeding expectations for a blockbuster public listing.
Private-market trading signals rapid appreciation
Secondary trading platforms that deal in shares of private companies have recorded significant gains for SpaceX stock. One platform showed a per-share price near $129, up from roughly $53 in mid-December, while another private-market venue showed prices near $118. Those quotations, though not the same as a public market price, indicate strong demand and have informed the bullish valuation ranges cited by advisers and analysts in recent filings.
Musk’s ownership structure and voting control explained
According to filings with the U.S. Securities and Exchange Commission, Musk owns roughly 12% of SpaceX’s common stock along with a dominant stake in high-vote shares. He holds approximately 94% of the company’s class B shares, which carry enhanced voting rights, a structure designed to preserve founder control after a public offering. Calculations circulated by news agencies show that following the IPO Musk could control about 42% of SpaceX’s equity and around 79% of voting power, translating to an individual stake valued in the range of $735 billion to $840 billion under current estimates.
Other assets and corporate moves that shape Musk’s fortune
Musk’s financial picture is also tied to large holdings in Tesla and his other enterprises. He owns about 12% of Tesla, whose market capitalisation hovers near $1.58 trillion, and has said publicly that the vast majority of his wealth is invested in equity rather than cash. Recent corporate transactions have further consolidated assets: in February, SpaceX acquired Musk’s artificial intelligence firm xAI, which previously absorbed the social platform X. Musk also retains stakes in The Boring Company and Neuralink, and the two flagship companies are collaborating on long-term initiatives such as a proposed large-scale semiconductor fabrication project.
Analysts flag potential mergers and longer-term scenarios
Some analysts and market observers have speculated about broader strategic moves that could reshape the corporate map around Musk’s holdings. Projections floated by market commentators include potential closer ties or even mergers between SpaceX and Tesla in coming years, with some estimates pointing to 2027 as a possible horizon for such consolidation. Industry advisers caution, however, that regulatory scrutiny, shareholder approval and complex corporate governance arrangements would influence any such outcome.
The impending SpaceX IPO has already altered market dynamics by concentrating attention on privately traded share prices and founder control provisions. If the offering goes ahead as currently planned, it will not only determine a transformational valuation for SpaceX but also likely reset the ranking of the world’s wealthiest individuals. The timing, final price range and investor appetite for the Nasdaq listing will be key to whether Musk officially becomes the planet’s first trillionaire.
