Elon Musk's Wealth to Reach $1.1 Trillion After SpaceX IPO

Elon Musk is on track to become the world's first trillionaire, with his wealth estimated to hit $1.1 trillion after SpaceX's filing for an initial public offering (IPO). The IPO is anticipated to be one of the largest in corporate history, based on details from the company's latest prospectus.

Musk owns 5.1 billion shares of SpaceX, along with approximately 350 million stock options, with an expected IPO price of $8.39. This move could elevate Musk's total fortune to an estimated $1.1 trillion, solidifying his position as the wealthiest individual globally, according to Bloomberg.

The IPO is expected to attract significant market attention, with trading potentially commencing on June 11. Musk's wealth has rapidly expanded due to soaring valuations in technology companies, driven by investor interest in artificial intelligence and space infrastructure.

The success of the IPO could further increase SpaceX's valuation to $400 billion by August 2025 and $800 billion by December of the same year.