{"id":387,"date":"2026-05-22T06:06:22","date_gmt":"2026-05-22T06:06:22","guid":{"rendered":"https:\/\/hometransferguide.com\/?p=387"},"modified":"2026-05-22T06:06:22","modified_gmt":"2026-05-22T06:06:22","slug":"elon-musk-on-track-to-be-worlds-first-trillionaire-after-latest-move","status":"publish","type":"post","link":"https:\/\/hometransferguide.com\/?p=387","title":{"rendered":"Elon Musk On Track To Be World\u2019s First Trillionaire After Latest Move"},"content":{"rendered":"
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<\/p>\n

Elon Musk<\/span><\/span>\u2019s SpaceX<\/span><\/span> filed to go public in what could become the largest initial public offering in history and make the billionaire the world\u2019s first trillionaire.<\/p>\n

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Musk \u2014 already the richest man in the world \u2014 on Wednesday filed paperwork with the Securities and Exchange Commission (SEC) to take SpaceX<\/span><\/span> public through an initial public offering (IPO). SpaceX estimated in its filing that the IPO could value the company at $1.75 trillion, far surpassing the $25.6 billion record set by Saudi oil giant Saudi Aramco<\/span><\/span>.<\/p>\n

\u201cWe believe we have identified the largest actionable total addressable market (TAM) in human history. We estimate that our quantifiable TAM is 28.5 trillion,\u201d SpaceX\u2019s filing states.<\/p>\n

Musk will retain 42% of SpaceX after the IPO, the Australian Broadcasting Corporation reported. Musk will serve as the CEO, Chief Technology Officer (CTO) and chairman while also holding more than 85% of SpaceX\u2019s voting power through the plan\u2019s dual-class structure, according to the filing. (RELATED: Musk Loses $130 Billion OpenAI Lawsuit)<\/strong><\/p>\n

This means that if the IPO raises near the amount estimated, then Musk\u2019s net worth could exceed one trillion dollars for the first in history, according to the Daily Mail. The South African-born businessman as of Thursday has a net worth of $811 billion, according to Forbes.<\/p>\n

<\/p>\n

The first day of trading will begin on June 12, and it will be sold under the Nasdaq ticker \u2018SPCX,\u2019 Reuters reported.<\/p>\n

SpaceX did not immediately respond to the Daily Caller News Foundation\u2019s request for comment.<\/p>\n

\n
\n\"(Photo\n<\/div>\n

SpaceX\u2019s new Starship V3 rocket is seen docked at the Starbase during the 12th test flight on May 21, 2026 as seen from South Padre Island in Texas. (Photo by RONALDO SCHEMIDT \/ AFP via Getty Images)<\/p>\n

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The document detailed SpaceX\u2019s finances, highlighting budget, revenue, and future plans. The company also owns Starlink and xAI, which are a large part of the IPO plan. Despite an estimated $1.75 trillion value, SpaceX reported a $4.94 billion loss in the previous quarter, as shown in the filing.<\/p>\n

<\/p>\n

\u201cWe believe we are capable of unlocking an era of unprecedented economic expansion, while also contributing to the safeguards of humanity\u2019s future against existential risk,\u201d SpaceX\u2019s filing says.<\/p>\n

Ron Baron, founder of Baron Capital, told CNBC in a May 12 interview, \u201cYou should try to figure out for your families how you can get to own some SpaceX. It will be the largest company on the planet.\u201d<\/p>\n

SpaceX revenue is currently being most heavily influenced by Starlink, Musk\u2019s satellite internet business, CNBC reported.<\/p>\n

Musk has founded several other companies, such as Neuralink Corporation, whose primary goal is to develop brain-computer interfaces. He also owns X (formerly known as Twitter) Tesla, and the Boring Company, which aims to reduce traffic through underground tunnels.<\/p>\n

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter\u2019s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact\u00a0licensing@dailycallernewsfoundation.org.<\/p>\n

Read more Republican Defies Trump, Joins Democrat To Kill Weaponization Victim Fund<\/a><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s SpaceX filed for an initial public offering, which is on track to be the largest in history and could make Musk the world\u2019s first trillionaire.<\/p>\n","protected":false},"author":1,"featured_media":386,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[299,704],"class_list":["post-387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting","tag-elon-musk","tag-spacex"],"yoast_head":"\nElon Musk On Track To Be World\u2019s First Trillionaire After Latest Move - Home Transfer Guide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hometransferguide.com\/?p=387\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk On Track To Be World\u2019s First Trillionaire After Latest Move - 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