Elon Musk could soon become the world's first trillionaire.
According to SpaceX's newly released IPO filing, the company plans to go public next week at $135 per share, giving the rocket maker a massive valuation of about $1.77 trillion.
Musk owns more than 82% of SpaceX, and his stake alone would be worth approximately $866.5 billion on paper. Combined with his Tesla holdings-currently valued at around $355 billion-and stock options worth potentially over $100 billion, Musk's net worth could soar past the $1 trillion mark.
The SpaceX IPO comes 16 years after Musk took Tesla public and would make SpaceX one of the most valuable companies in America, ahead of Tesla and Meta.
Despite the enormous valuation, SpaceX generated about $18.7 billion in revenue last year, far less than other trillion-dollar giants like Meta and Tesla.
The filing also revealed that Musk cannot sell his SpaceX shares for at least one year after the IPO. After that lockup period expires, he could choose to reduce or sell part of his stake.
Meanwhile, speculation continues about Musk's long-term plans for SpaceX and Tesla, including whether the two companies could one day be combined to strengthen their AI ambitions and fundraising power.
One thing is clear: if the IPO launches as expected, Elon Musk's wealth may enter territory never seen before in modern history.
