SpaceX IPO Musk trillionaire prospect emerges as the rocket company targets a $1.75 trillion Nasdaq listing as early as next month
Something historic may be weeks away. SpaceX has revealed plans to go public on the Nasdaq stock exchange, targeting a listing around June 12 under the ticker symbol SPCX. The SpaceX IPO Musk trillionaire possibility is now very real. Moreover, Reuters reports the company could raise around $75 billion at a valuation of roughly $1.75 trillion. Elon Musk, already the world’s richest person, owns a majority stake. Therefore, a successful listing could push his net worth above $1 trillion for the first time in history.
SpaceX values itself at $1.25 trillion in the filing. Musk’s stake alone could be worth more than $600 billion. Last year, he became the first person to reach a net worth above $500 billion. Furthermore, SpaceX’s empire now includes rockets, the Starlink satellite internet service, xAI, and X, the platform formerly known as Twitter.
The IPO filing gives the public its first real look at SpaceX’s finances. The company reported $18.6 billion in revenue last year alongside a net loss of $4.9 billion. In the first quarter of this year, it recorded $4.7 billion in sales and a net loss of $4.3 billion. However, Starlink alone generated $4.4 billion in operating income. Therefore, the business has a clear profitable engine even as overall losses continue.
Venture capital investor Ruth Foxe Blader told the BBC that losses at this stage were “not shocking” for a project of SpaceX’s scale. She described the listing as “extremely exciting” with many future-facing selling points. Still, legal risks are substantial. The filing flags more than half a billion dollars in expected legal costs. These include lawsuits alleging that xAI’s Grok chatbot generates sexualized deepfakes of real women and underage girls, alongside patent, copyright, and data breach claims.
The filing also disclosed that Anthropic will pay $15 billion a year to access SpaceX data centers for xAI. Additionally, SpaceX lists OpenAI and Anthropic as direct competitors as it expands into artificial intelligence. The IPO arrives just days after Musk lost his $150 billion lawsuit against OpenAI, which a jury dismissed unanimously.
Finally, SpaceX faces additional scrutiny over worker safety and Musk’s political alignments. None of that, however, appears likely to slow a listing that could redefine what personal wealth actually looks like.
