Initial Price Could Make Musk World’s First Trillionaire
SpaceX, the aerospace manufacturer and space transportation company, unveiled plans on June 3 to put up $75 billion in an initial public offering (IPO) of its company stocks that would effectively value the company at approximately $1.77 trillion. The enormous valuation could make Musk the world’s first trillionaire.
The company said in a filing with the Securities and Exchange Commission (SEC) that it is planning to sell 555.6 million shares at an introductory price of $135 a share. Imposing a one price target is unconventional and is a unique step that indicates that the IPO market around artificial intelligence (AI) is heating up and that Musk’s is still keen on large-scale goals.
After the IPO, Musk, who currently possesses half of of SpaceX, would still wield almost half of the company’s total shares. Nonetheless, Musk will control 82.4% of the voting power after the IPO since some of those to be sold are special shares with greater voting power, according to the filing.
Debut to Be the Biggest in History
Surpassing even the previous record of $29.4 billion put up by oil giant Saudi Aramco in 2019, SpaceX’s IPO will be the biggest debut in history. The phenomenal numbers come as the AI race catapulted startups to surprising valuations prior to their going public.
SpaceX has become a major player in AI, on top of its rocket and satellite business. This sector was recently behind a Wall Street rally as tech companies report developments one after the other. Notwithstanding that those companies have yet to figure out multiple practical applications for the new technology and how to produce positive returns to investments.
The much-awaited IPO of SpaceX is the latest indication of the commercialization of space travel and plans to build human settlements on the Moon and Mars. SpaceX stocks are expected to trade starting next Friday.
Spotlight on AI and the Commercialization of Space Travel
SpaceX’s long-anticipated public offering, which is set to start trading next Friday, is the latest sign of the commercialization of space travel and ambitious plans to establish human outposts on the Moon and Mars. The debut also reflects Wall Street’s obsession with AI and the unmatched wealth concentrated among tech executives.
The filed IPO documents of SpaceX give prominence not just on expanding human space exploration but also on the company’s strategy for AI and instituting data centers in space. The company intends to funnel initial stock offering proceeds, and most likely future stock sales, to satisfy the massive capital expenditure requirements of both its space and artificial intelligence operations.
From Rockets to Artificial Intelligence
In its founding in 2002, SpaceX was focused on building rockets and sending payloads to outer space. When it rolled out its satellite-based internet service Starlink in 2021, the company expanded into telecommunications. In February 2026, Musk merged SpaceX with xAI, his AI company that includes X, his social media platform.
Launching satellites and not just astronauts, the company dominates the corporate space sector with its rockets. But what lies at the cornerstone of the company’s IPO valuation is the AI component.
Wall Street’s Faith in AI
While most companies still haven’t turned a profit with its AI initiatives, investors in Wall Street are still betting that artificial intelligence will increase productivity and corporate profits in the future. They have already done this at the cost of existing jobs.
Wall Street has been driving up the value of firms tied to the sector. While profits are still rare in the field, investors are betting that AI will increase productivity and corporate profits in the future, even if that comes at the cost of some existing jobs.
The World’s First Trillionaire
If the company’s shares manage to trade at the projected $135 a share, Musk’s stake in SpaceX would be worth $841 billion. This amount would be approximately equivalent to the combined net worth of the next three in Forbes’ real team billionaire tracker: Google founders Larry Page and Sergey Brin and another software mogul, Larry Ellison.
Adding in Musk’s Tesla stake, worth up to $300 billion at the closing price on June 3, his net worth could total up to $1.1 trillion, more than the next three richest people mentioned above, plus Amazon founder Jeff Bezos, number five on the Forbes list.
The targeted valuation for SpaceX wasn’t mentioned when it revealed its IPO plans last month. It didn’t disclose its expected price and the corresponding valuation.
Joining SpaceX in its plans to go public is Anthropic, which has already announced plans. OpenAI, its rival, is expected to follow. Combined, the next IPOs could result in thousands of new millionaires, plus even some billionaires. This is in spite of the fact that these companies have not yet demonstrated the profitability of their AI operations.
