SpaceX IPO could make Musk an almost instant trillionaire
SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time.
In a company message seen by Bloomberg on Friday, SpaceX said it’s preparing for a possible public offering in 2026 that would be aimed at funding an “insane flight rate” for its developmental Starship rocket, artificial intelligence data centres in space and a base on the moon.The per-share price of $421 in its latest secondary offering, laid out by chief financial officer Bret Johnsen in the memo to shareholders, is nearly double the $212 a share set in July at a $400 billion valuation.
The valuation vaults past the previous record of $500 billion OpenAI set in Oct.Elon Musk’s stake in his space company alone would be worth more than $625 billion if that were to occur, according to calculations by the Bloomberg Billionaires Index, up from $136 billion today.
That doesn’t include his multibillion-dollar stakes in a number of other enterprises, including the world’s most valuable carmaker, Tesla.
His total fortune would be $952 bn, up about $491 billion from its current level, according to the calculations, which use a $1.5 trillion pre-money valuation for its estimate.
