{"id":12023,"date":"2026-06-03T22:01:54","date_gmt":"2026-06-03T22:01:54","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=12023"},"modified":"2026-06-03T22:01:54","modified_gmt":"2026-06-03T22:01:54","slug":"spacexs-ipo-is-set-to-be-the-biggest-ever-and-could-make-elon-musk-a-trillionaire","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=12023","title":{"rendered":"SpaceX\u2019s IPO is set to be the biggest ever and could make Elon Musk a trillionaire"},"content":{"rendered":"
\n

By BERNARD CONDON<\/strong><\/p>\n

NEW YORK (AP) \u2014 SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world\u2019s first trillionaire.<\/p>\n

Read more Child dies after inflatable castle tossed into air in Montreal park<\/a><\/p>\n

The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece. The offering would give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion.<\/p>\n

Besides the size of the offering and the expected proceeds, SpaceX\u2019s amended prospectus updates details about how much control of the company Musk will have. As SpaceX\u2019s CEO, chief technical officer and chairman, Musk\u2019s voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4% of the voting power in the company.<\/p>\n

Forbes currently values Musk\u2019s net worth at $826 billion and his stake in SpaceX at $542 billion.<\/p>\n

The estimated proceeds from the SpaceX IPO would easily top the $26 billion raised by oil giant Saudi Aramco in 2019.<\/p>\n

Read more This host city offers cheapest World Cup costs among US locales, report shows<\/a><\/p>\n

Time will tell how SpaceX fares on the market. Musk\u2019s plans for the company are as fantastical as the money he hopes raise in the sale.<\/p>\n

Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars. In one section, it talks of a need to build \u201ca permanent human colony\u201d on the red planet with \u201cat least one million inhabitants\u201d as existential threats loom that could consign man to \u201cthe same fate as the dinosaurs.\u201d<\/p>\n

\n<\/div>\n

And SpaceX isn\u2019t the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the U.S. Securities and Exchange Commission to officially start its own IPO clock.<\/p>\n

OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected.<\/p>\n

Read more Alexander: Women find a football league of their own<\/a><\/p>\n

Report Matt O\u2019Brien contributed.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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