Elon Musk eyes world's first trillionaire status as SpaceX moves to historic IPO - Businessday NG

Elon Musk, billionaire entrepreneur, could become the world's first trillionaire as SpaceX, his aerospace company, moves closer to a record-breaking initial public offering (IPO) that could value the company at as much as $2 trillion.

The planned IPO, expected later this year, is already being described as one of the most ambitious public listings in corporate history.

SpaceX is targeting a valuation between $1.75 trillion and $2 trillion, which potentially surpasses the historic market debut of Saudi Aramco and instantly makes the company one of the world's most valuable publicly traded firms.

The development would significantly boost Musk's personal fortune, which is already estimated at hundreds of billions of dollars through his holdings in SpaceX, Tesla, X, and xAI.

A successful IPO could push Musk's net worth beyond the $1 trillion mark for the first time in modern history.

SpaceX's rapid growth has been driven largely by its Starlink satellite internet business, which has expanded globally and generated billions in revenue. The company has also maintained dominance in the commercial rocket industry through reusable launch systems and major government contracts with NASA and the U.S. military.

However, the company's ambitions extend far beyond rockets and satellite internet. Recent filings reveal that SpaceX is investing heavily in artificial intelligence infrastructure, orbital data centers, and next-generation space technology powered by its Starship rocket system.

Musk has repeatedly stated that his long-term goal is to make humanity a multi-planetary species by establishing colonies on Mars.

Financial disclosures linked to the IPO show that while SpaceX generated nearly $19 billion in revenue last year, it is also spending aggressively on expansion projects, AI systems, and spacecraft development. The company reportedly posted multibillion-dollar quarterly losses as it continues to scale its futuristic ventures.

Despite those losses, investor confidence in Musk remains strong, fueled by his history of transforming industries ranging from electric vehicles to private space exploration.

The IPO reflects growing market belief that SpaceX could become a central player in the future of artificial intelligence, global internet infrastructure, and commercial space travel.

The IPO is expected to attract massive global investor interest and could reshape the technology and financial markets in the same way major tech listings once did for companies like Facebook, Alibaba, and Saudi Aramco.