Elon Musk Wants a Trillion-Dollar Payday, but There's One Little Catch
Elon Musk's SpaceX has filed for an initial public offering, revealing significant financial details. The company projects a Total Addressable Market of $28.5 trillion, primarily driven by its AI ambitions. Musk's compensation is modest compared to the potential equity payouts tied to ambitious company goals, which could make him the world's first trillionaire.
- ▪SpaceX's S-1 filing with the SEC shows a Total Addressable Market of $28.5 trillion.
- ▪Musk's salary last year was only $54,000, similar to entry-level positions.
- ▪The majority of the projected market comes from AI, with only $2 trillion related to space and Starlink.
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Elon Musk Wants a Trillion-Dollar Payday, but There's One Little Catch Stephen Green | 11:40 AM on May 21, 2026 AP Photo/Jose Luis Magana The world finally got a peek at SpaceX's closely held financials, after Elon Musk's closely held space launch company filed for its initial public offering on Wednesday — and the details made a bigger splash than one of the company's Starships making an uncontrolled water landing. Advertisement googletag.cmd.push(function () { googletag.display("div-gpt-300x250_3"); //googletag.pubads().refresh([gptAdSlot["div-gpt-300x250_3"]]) }); The first shocker is that Musk's salary last year was just $54,000. That's about the same as a new human resources assistant or an apprentice electrician.
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