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Elon Musk could move closer to trillionaire status if SpaceX goes public at the valuation now being discussed. Reports tied to the planned listing say the company could seek a valuation above $1.75 trillion, which would sharply increase the value of Musk’s stake. For now, the plan remains under review, and investors are waiting for a formal filing and pricing details.
Elon Musk remains the world’s richest person, and a SpaceX initial public offering could widen that lead even more. Current estimates place his net worth between $652 billion and $839 billion, depending on the source and valuation method. Much of that wealth comes from his stakes in SpaceX, Tesla, xAI, X, and other ventures.
At the center of the new discussion is Musk’s ownership of SpaceX after its tie-up with xAI. Reports say he controls about 43% of the merged business. If the IPO values SpaceX at more than $1.75 trillion, his stake in that entity alone could exceed $770 billion. When combined with his Tesla stake and other assets, that total could push his paper wealth near or above $1 trillion.
Some analysts and market watchers have said Musk could become the first trillionaire in 2026 or 2027 if the listing moves ahead at the upper end of expectations. Still, those projections depend on final pricing, public demand, and post-listing market performance. They also depend on whether Tesla shares recover and whether SpaceX keeps its current private-market momentum.
SpaceX’s valuation story now rests heavily on Starlink, its satellite internet business. The service has expanded across many markets and built a large subscriber base. That has given the company recurring revenue beyond launch contracts and added a more stable business line to the group.
At the same time, SpaceX continues to lead commercial launch activity through Falcon 9 missions, while Starship remains central to its long-term growth plans. Musk has said the company wants an “insane flight rate” for Starship, and IPO proceeds could help fund that expansion. Investors are also watching how quickly Starship reaches new milestones after recent testing efforts.
The all-stock acquisition of xAI added another layer to the valuation case. That merger lifted the combined private valuation to around $1.25 trillion earlier in 2026, according to recent reports. As a result, SpaceX is now being viewed not only as a launch company but also as a business linked to satellite infrastructure, artificial intelligence, and future data services.
Even so, the proposed IPO still faces several questions. Public investors may not accept a valuation above $1.5 trillion or $1.75 trillion without clear revenue growth and a path to stronger cash generation. Some reports say the company could raise more than $75 billion, which would make it the largest IPO on record if completed.
There are also governance and market risks. Musk’s control over several companies has already drawn attention from Tesla investors, who have raised concerns about how he divides his time. In addition, a public listing would subject SpaceX to quarterly reporting, broader shareholder scrutiny, and increased pressure on execution.
Other risks remain tied to regulation and competition. Amazon’s Project Kuiper, environmental concerns linked to satellite expansion, national security reviews tied to government work, and technical challenges around Starship could all affect market sentiment.
For now, SpaceX has not confirmed final terms, and reports still describe the expected timeline with caution, using phrases such as “as soon as this week” and a possible June debut.
