The listing of Space Exploration Technologies Corp. (SpaceX) on Friday marked one of the most significant moments in financial history, with the company pricing 555.6 million Class A shares at $135 each and raising about $75 billion in what is now the largest IPO ever recorded. The offering values SpaceX at approximately $1.77 trillion, positioning it among the most valuable publicly traded companies globally as it prepares to begin trading on the Nasdaq under the ticker “SPCX”.
Following the pricing, Musk’s wealth surged past $1 trillion on paper, driven largely by his dominant stake in the aerospace and satellite company.
Before the IPO, Musk was estimated to be worth about $813 billion, more than twice the fortune of Google co-founder Larry Page, who ranks as the world’s second-richest individual with an estimated net worth of $288 billion, according to Forbes.
At the IPO price, Musk’s SpaceX holdings alone are valued at about $866.5 billion, based on his expected post-offering stake of roughly 4.8 billion shares, or about 42 percent of the company, along with more than 350 million stock options exercisable at $8.39 per share. Those options add a further estimated $44.3 billion to his wealth.
When combined with his Tesla holdings, about 717.1 million shares worth roughly $286.2 billion at recent market prices, Musk’s total net worth is calculated at approximately $1.1 trillion on paper, according to filings and market estimates.
However, analysts stress that the figure remains largely theoretical, as it depends on post-listing share performance and the continued strength of Tesla’s stock. Any decline in either company’s valuation could push Musk back below the trillion-dollar mark, while gains could lift his wealth even further.
SpaceX’s filing also highlights the scale of Musk’s control over the company, with about 84.4 percent of combined voting power expected to remain under his influence after the listing. The IPO includes performance-based stock awards tied to ambitious milestones, including long-term targets such as establishing a permanent human settlement on Mars and developing off-Earth computing infrastructure.
Beyond Musk’s personal fortune, the listing is also expected to create significant wealth among employees and investors. Reports suggest that around 4,400 SpaceX employees could become millionaires as trading begins.
The IPO also underscores SpaceX’s transformation from a launch services company into a diversified space, satellite internet, and artificial intelligence group, with operations spanning rocket launches, Starlink broadband services, and advanced computing initiatives.
Despite its rapid expansion, SpaceX remains loss-making. The company reported revenue of $18.7 billion in 2025, up from $14 billion in 2024, while its net loss widened to $4.9 billion after posting a profit the previous year. The financial results also incorporate historical figures from related Musk-controlled entities, including xAI and X Holdings following internal restructuring.
The SpaceX listing surpasses Saudi Aramco’s 2019 IPO, previously the largest public offering in history, marking a new benchmark for global capital markets.








































