SpaceX’s IPO is set to be the biggest ever and could make Elon Musk a trillionaire

The company, formally known as Space Exploration Technologies Corp., said Wednesday (June 3, 2026) it will sell 555.6 million shares at $135 a piece. The offering would give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion.

Mr. Musk isn’t selling any of his shares in the offering, and he would have 82.4% of the voting power in SpaceX.

Forbes currently values Musk’s net worth at $825 billion and his stake in SpaceX at $542 billion. The estimated proceeds from the SpaceX IPO would easily top the $26 billion raised by oil giant Saudi Aramco in 2019.