• Elon Musk could become the world’s first trillionaire after SpaceX filed for a major IPO
• SpaceX is targeting a potential valuation of $2 trillion during the listing
• His estimated fortune could rise to about $1.1 trillion if the IPO meets expectations

Elon Musk is moving closer to becoming the world’s first trillionaire following the filing for a potential blockbuster initial public offering by SpaceX.

According to details contained in the company’s latest prospectus, Musk currently holds approximately 5.1 billion shares in the space and artificial intelligence giant, in addition to nearly 350 million stock options valued at $8.39 each.

If the IPO achieves the widely anticipated valuation of $2 trillion, Musk’s personal fortune could soar to around $1.1 trillion, further strengthening his position as the world’s richest individual, according to reports by Bloomberg.

Even if the listing debuts at a lower valuation of $1.75 trillion, analysts believe Musk could still surpass the trillion-dollar milestone when his holdings in Tesla and other ventures are included.

The expected listing marks another major milestone in Musk’s extraordinary wealth growth, fueled by rising investor interest in artificial intelligence, space infrastructure and next-generation technology companies.

The filing revealed that the IPO is expected to price on June 11, with trading likely to begin the following day.

Investors across global markets are already positioning themselves for what could become one of the largest public offerings ever recorded.

The Bloomberg Billionaires Index currently estimates SpaceX’s valuation at about $1.03 trillion, based on previous private market transactions and the company’s integration with xAI earlier this year.

The public listing is expected to dramatically increase the market value of Musk’s holdings once investors begin trading the stock openly.

The prospectus also offered rare details into Musk’s compensation structure at SpaceX, which closely mirrors the aggressive performance-based reward model previously adopted at Tesla.

One proposed compensation package could award Musk an additional one billion restricted shares if SpaceX’s market capitalisation eventually exceeds $7.5 trillion.

However, the targets attached to the package go far beyond traditional corporate benchmarks.

Under the terms outlined, the company would need to establish a permanent human settlement on Mars with a population of at least one million people before the shares can be unlocked.

Another long-term incentive package could hand Musk more than 300 million additional shares if SpaceX reaches valuation milestones near $6.6 trillion and successfully deploys non-Earth-based data centres capable of producing 100 terawatts of computing power annually.

Musk’s wealth has expanded rapidly over the past year, driven largely by the explosive growth of SpaceX and its artificial intelligence ambitions.

In February 2026, Musk’s net worth reportedly surged to about $852 billion after SpaceX completed a merger with artificial intelligence and social media company xAI in a deal valued at approximately $1.25 trillion.

The transaction reportedly added nearly $84 billion to Musk’s fortune overnight.

That development came just months after Musk became the first person in modern history to surpass the $600 billion wealth mark.

At the time, reports estimated his fortune at roughly $677 billion after a SpaceX tender offer doubled the company’s valuation from $400 billion in August 2025 to $800 billion by December of the same year.

Elon Musk still world’s richest despite massive $22 billion loss

Meanwhile, TheRadar earlier reported that Elon Musk had retained his position as the world’s richest person despite a staggering $22 billion loss in March.

The drop in Musk’s fortune comes amid broader market downturns, with the S&P 500 and Nasdaq Composite each declining by nearly 5 percent during the month.

Analysts attribute the slump partly to geopolitical tensions in the Middle East, which rattled global markets.