The confidential filing tees up a June blockbuster that could make SpaceX one of the most valuable companies ever — and Musk a 13-zero hero.
Elon Musk is about to boldly go where no man has gone before: trillionaire territory. Today, SpaceX confidentially filed for an initial public offering, eyeing a June launch that could raise $50 billion or more, according to the New York Times. The rocket and satellite maker values itself at over $1 trillion, which would make it one of the most valuable companies ever to hit public markets.
Musk, 54, owns around 44 percent of SpaceX as of 2022. His current net worth sits at $823 billion, according to Forbes, with much of that tied to his SpaceX stake. If the company’s valuation climbs after going public, he could become the first person with a 13-figure fortune.
The offering would also unlock massive paydays for SpaceX employees and investors who’ve waited over two decades to cash out. A cool trillion could fund Musk’s wildest ambitions: AI data centers in orbit, a moon colony and a city on Mars.
Elon Musk is about to boldly go where no man has gone before: trillionaire territory. Today, SpaceX confidentially filed for an initial public offering, eyeing a June launch that could raise $50 billion or more, according to the New York Times. The rocket and satellite maker values itself at over $1 trillion, which would make it one of the most valuable companies ever to hit public markets.
Musk, 54, owns around 44 percent of SpaceX as of 2022. His current net worth sits at $823 billion, according to Forbes, with much of that tied to his SpaceX stake. If the company’s valuation climbs after going public, he could become the first person with a 13-figure fortune.
The offering would also unlock massive paydays for SpaceX employees and investors who’ve waited over two decades to cash out. A cool trillion could fund Musk’s wildest ambitions: AI data centers in orbit, a moon colony and a city on Mars.
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Jonathan Small