SpaceX IPO Pricing Boosts Elon Musk's Net Worth to Over $970 Billion
SpaceX IPO Discloses Key Shareholders Ahead of Nasdaq Listing
Space Exploration Technologies Corp., the rocket and satellite giant led by Elon Musk, has disclosed the beneficial ownership structure of its key shareholders ahead of its highly anticipated Nasdaq listing. The company is expected to raise approximately $75 billion in what is set to be one of the largest initial public offerings in history, valuing SpaceX at roughly $1.77 trillion at the IPO price of $135 per share.
The IPO has significantly boosted Musk's wealth. According to calculations by the Bloomberg Billionaires Index, Musk's net worth will rise by roughly $275 billion to approximately $970 billion after taking into account SpaceX's offering price, bringing him within striking distance of becoming the world's first trillionaire. Bloomberg estimates Musk's SpaceX stake, including options, is worth about $688 billion at $135 per share.
According to the prospectus, Musk beneficially owns 849.49 million shares of Class A common stock and 5.57 billion shares of Class B common stock as of May 1, 2026, representing a combined holding of approximately 6.42 billion shares across both classes. Musk controls 85.1 percent of the company's combined voting power before the completion of the offering, with each Class B share carrying ten votes compared with one vote for each Class A share.
