Congrats. You’re About to Unwittingly Make Elon Musk a Trillionaire.
SpaceX is set to go public next week, potentially making Elon Musk the world's first trillionaire. The company's IPO is valued at $1.77 trillion, despite significant financial losses. Investors holding index funds may be compelled to invest in SpaceX, raising concerns about the risks involved.
- ▪SpaceX's IPO is expected to be the largest on record at a valuation of $1.77 trillion.
- ▪The company has reported massive losses, including $4.9 billion in 2025 and similar losses in early 2026.
- ▪Investors in index funds may be forced to buy SpaceX shares, transferring wealth to Musk without their consent.
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ReceiptsCongrats. You’re About to Unwittingly Make Elon Musk a Trillionaire.SpaceX is IPOing next week. And there’s a good chance you’re gonna own a portion of it—whether you like it or not.Catherine RampellJun 05, 202646115Share(Photo illustration by The Bulwark / Photos: Getty)IF YOU’RE READING THIS, you might be about to help make Elon Musk the world’s first trillionaire.If so, you’ll also be risking your retirement savings while simultaneously bailing out X and Cybertrucks.And to top it off: You have pretty much no say in the matter.That’s because Musk’s SpaceX is IPOing next week, and it’s getting special treatment that allows it to enter many of the major stock indices without meeting the usual requirements to do so.
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