Follow Forbes Talks Elon Musk may soon become the first person to have a net worth exceeding $1 trillion, as SpaceX’s anticipated stock market debut is on the way after the aerospace firm filed for an IPO on Wednesday. Key Facts SpaceX submitted confidential IPO registration to the Securities and Exchange Commission, according to multiple reports, meaning the documentation is only available to regulators. Additional information about SpaceX’s IPO, including the number of shares to be sold and a price range, will be disclosed in a later filing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley are leading the offering, the Wall Street Journal reported, citing people familiar with the matter. With an expected listing in June, the public offering is estimated to value SpaceX at $1.75 trillion and raise $75 billion, which would more than double Saudi Aramco’s $29 billion debut in 2019 as the largest-ever IPO. SpaceX acquired Musk’s artificial intelligence startup xAI in February, consolidating two of his companies in a deal that valued the combined entity at an estimated $1.25 trillion. SpaceX did not immediately respond to a request for comment from Forbes. Surprising Fact Once SpaceX's listing debuts, Musk will likely become the first person to be chief executive of two companies valued at $1 trillion. His Tesla has a market valuation of $1.4 trillion as of Wednesday. Forbes Valuation Musk is the wealthiest person in the world with an estimated net worth of $824.3 billion as of Wednesday. He became the first person to be worth $400 billion in 2024, and his fortune crossed the $500 billion, $600 billion, $700 billion, and $800 billion thresholds in 2025 and 2026, respectively. Musk holds an estimated 43% stake in SpaceX, which would all but guarantee his net worth rising above $1 trillion. Even before SpaceX’s IPO, Tesla shareholders approved a compensation package for Musk in November that could be worth close to $1 trillion, but requires the automaker to achieve several goals over the next decade. Read the full story on Forbes: ByTy Roush https://www.forbes.com/sites/tylerroush/2026/04/01/musk-closer-to-trillionaire-status-spacex-reportedly-files-for-ipo/ Learn more about your ad choices. Visit megaphone.fm/adchoices