SpaceX, the space and artificial intelligence company of the country’s most famous entrepreneur Elon Musk, has set a price of $135 per share for its IPO (Initial Public Offering). The company plans to raise about $75 billion by issuing 555.6 million shares. At this price, SpaceX’s total valuation would reach approximately $1.77 trillion (or approximately ₹177 lakh crore in Indian currency). If this IPO proves successful, it could become the biggest IPO in history so far. Earlier, in 2019, Saudi Aramco had set a record by raising $29.4 billion.
**Will Elon Musk become the world’s first trillionaire?**
Even after this IPO, Elon Musk is expected to retain about 50% ownership in the company. Apart from this, they will also retain control over the company through shares with special voting rights. As a result, it is estimated that after the IPO, Elon Musk’s stake in SpaceX could be valued at approximately $841 billion. Meanwhile, his current stake in his electric vehicle company, Tesla, is estimated to be worth around $300 billion. In this case, his total net worth could reach $1.1 trillion. If that happens, Elon Musk would become the world’s first “trillionaire” – that is, a person with a net worth of more than $1 trillion.
**Musk will leave these billionaires behind**
If this situation turns out to be true, then Elon Musk will leave behind many of the world’s billionaires – like Larry Page, Sergey Brin, Larry Ellison and Jeff Bezos – in terms of net worth.
**SpaceX will be listed in the stock market next week**
It is worth noting that SpaceX’s IPO is going to be listed in the stock market next week. This listing could also pave the way for other leading AI companies to enter the public markets. AI companies Anthropic and OpenAI may also enter the stock market in the future.
