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Elon Musk may soon become the first person to have a net worth exceeding $1 trillion, as SpaceX’s anticipated stock market debut is on the way after the aerospace firm filed for an IPO on Wednesday.

Key Facts

• SpaceX submitted confidential IPO registration to the Securities and Exchange Commission, according to multiple reports, meaning the documentation is only available to regulators.
• Additional information about SpaceX’s IPO, including the number of shares to be sold and a price range, will be disclosed in a later filing.
• Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are leading the offering, the Wall Street Journal reported, citing people familiar with the matter.
• With an expected listing in June, the public offering is estimated to value SpaceX at $1.75 trillion and raise $75 billion, which would more than double Saudi Aramco’s $29 billion debut in 2019 as the largest-ever IPO.
• SpaceX acquired Musk’s artificial intelligence startup xAI in February, consolidating two of his companies in a deal that valued the combined entity at an estimated $1.25 trillion.
• SpaceX did not immediately respond to a request for comment from Forbes.

Surprising Fact

Once SpaceX's listing debuts, Musk will likely become the first person to be chief executive of two companies valued at $1 trillion. His Tesla has a market valuation of $1.4 trillion as of Wednesday.

Forbes Valuation

Musk is the wealthiest person in the world with an estimated net worth of $824.3 billion as of Wednesday. He became the first person to be worth $400 billion in 2024, and his fortune crossed the $500 billion, $600 billion, $700 billion, and $800 billion thresholds in 2025 and 2026, respectively. Musk holds an estimated 43% stake in SpaceX, which would all but guarantee his net worth rising above $1 trillion. Even before SpaceX’s IPO, Tesla shareholders approved a compensation package for Musk in November that could be worth close to $1 trillion, but requires the automaker to achieve several goals over the next decade.

Read the full story on Forbes: ByTy Roush

https://www.forbes.com/sites/tylerroush/2026/04/01/musk-closer-to-trillionaire-status-spacex-reportedly-files-for-ipo/

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