SpaceX Files for Record $1.75 Trillion IPO on Nasdaq, Could Make Musk World's First Trillionaire
Elon Musk's SpaceX filed paperwork to go public on June 12, 2026 at a $1.75 trillion valuation, seeking to raise up to $75 billion in what could be the largest IPO in history—potentially boosting Musk's net worth past $1 trillion.
Historic IPO Filing
Elon Musk's SpaceX filed to go public in what could become the largest initial public offering in history, filing paperwork with the Securities and Exchange Commission (SEC) to take SpaceX public through an initial public offering (IPO). SpaceX's hotly anticipated IPO, confirmed in a regulatory filing on Thursday and expected on June 12, could mark the largest float in history, with Elon Musk's firm targeting a valuation of $1.75 trillion on the Nasdaq.
Fundraising Target and Historical Significance
The company is looking to raise as much as $75 billion and be valued at $1.75 trillion or more, in what could become the biggest IPO on record if it occurs. Saudi Aramco's 2019 debut stands as the record at $35.4 billion raised at a $320 billion valuation. The $75-80 billion fundraise alone would eclipse Saudi Aramco's 2019 record by nearly three times.
Musk's Wealth and Control Structure
If the IPO raises near the amount estimated, then Musk's net worth could exceed one trillion dollars for the first time in history, according to the Daily Mail, with the South African-born businessman as of Thursday having a net worth of $811 billion, according to Forbes. The company's dual-class share structure would give Musk, as both CEO and chairman, full voting control. Musk will retain 42% of SpaceX after the IPO, and will serve as the CEO, Chief Technology Officer (CTO) and chairman while also holding more than 85% of SpaceX's voting power through the plan's dual-class structure, according to the filing.
Business Composition and Revenue
SpaceX is not one business but three, and they all perform very differently. As of Q1 2026, Starlink has 10.3 million subscribers across 164 countries, generates $3.26 billion a quarter in revenue, and throws off $1.19 billion in operating profit every three months. The company plans to commence the roadshow June 4 and price the deal June 11, with an S-1 filing expected mid-May.