Musk Closer To Trillionaire Status: SpaceX Files For IPO

Musk Closer To Trillionaire Status: SpaceX Files For IPO

Follow Forbes Talks Topline 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 FactOnce 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. Read the full story on Forbes: Ty Roush https://www.forbes.com/sites/tylerroush/2026/04/01/musk-closer-to-trillionaire-status-spacex-reportedly-files-for-ipo/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Larry Page’s Net Worth Tops $300 Billion For First Time Amid Alphabet Earnings Rally

Larry Page’s Net Worth Tops $300 Billion For First Time Amid Alphabet Earnings Rally

Larry Page’s net worth swelled on Thursday, surpassing $300 billion for the first time as Alphabet’s stock rose after reporting a surge in cloud revenue through the Google parent’s latest quarter. Fo...

1 Mai 3min

LIV Golf Loses Saudi Arabia Funding—Effectively Ending PGA Rival

LIV Golf Loses Saudi Arabia Funding—Effectively Ending PGA Rival

LIV Golf, the competitor to the PGA Tour bankrolled by Saudi Arabia’s Public Investment Fund, is losing its funding from the Gulf state, according to The Wall Street Journal. This follows weeks of spe...

1 Mai 3min

Google Billionaire Sergey Brin Compares California Wealth Tax To Soviet Union Socialism

Google Billionaire Sergey Brin Compares California Wealth Tax To Soviet Union Socialism

Billionaire Google co-founder and ex-California resident Sergey Brin has said he’s adamantly opposed to a proposed one-time, 5% tax on the wealth of California residents (and has spent $57 million to ...

30 Apr 3min

United Arab Emirates Leaves OPEC In Favor Of ‘National Interest’

United Arab Emirates Leaves OPEC In Favor Of ‘National Interest’

The United Arab Emirates has announced it will no longer be a member of the Organization of the Petroleum Exporting Countries, OPEC, starting May 1 after reflecting on its "long-term strategic and eco...

28 Apr 3min

Soldier Charged After Using Classified Intel On Maduro Raid To Win $400,000 On Polymarket

Soldier Charged After Using Classified Intel On Maduro Raid To Win $400,000 On Polymarket

A U.S. special forces soldier who participated in the raid to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the operation to win more than $400,0...

24 Apr 3min

Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races

Kalshi Bans And Fines Three Politicians For Placing Bets On Their Own Races

Kalshi caught and suspended three political candidates who bet on the outcomes of their own elections, the prediction market company said in a statement on Wednesday, fining the three politicians and ...

24 Apr 3min

Trump Administration Reclassifies Medical Marijuana As A Less Dangerous Drug

Trump Administration Reclassifies Medical Marijuana As A Less Dangerous Drug

The Trump administration’s acting attorney general Todd Blanche signed an order on Thursday reclassifying FDA-approved and state-licensed medical marijuana as a less dangerous drug, placing it in the ...

23 Apr 3min

Rewind: Uber Invests Over $1 Billion In Rivian In Robotaxi Deal

Rewind: Uber Invests Over $1 Billion In Rivian In Robotaxi Deal

Rivian Automotive’s stock soared by more than 8% in premarket trading on Thursday, after Uber announced it would invest up to $1.25 billion in the electric vehicle maker—whose shares have plummeted in...

22 Apr 3min

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