SpaceX plans record stock market debut that could make Elon Musk a trillionaire
SpaceX is preparing for its largest stock market debut, aiming to raise up to $75 billion. This move could position Elon Musk to become the world's first trillionaire, with a projected market value of $1.77 trillion for the company. Despite significant losses, Musk's ambitious plans include using IPO proceeds for space exploration and AI advancements.
- ▪SpaceX plans to offer 555,555,555 shares at $135 each in its IPO.
- ▪The expected proceeds would surpass the $26 billion raised by Saudi Aramco in 2019.
- ▪Musk is projected to hold 82.4% of the voting power in SpaceX after the IPO.
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MoneyWatch SpaceX plans biggest stock market debut ever — and it could make Elon Musk world's first trillionaire .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } Updated on: June 4, 2026 / 7:01 AM EDT / CBS/AP Add CBS News on Google New York — SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk — the world's richest person — on course to becoming the first trillionaire.The company, formally known as Space Exploration Technologies Corp., said Wednesday it will offer exactly 555,555,555 shares at $135 apiece in an initial public offering, French news agency AFP reports.
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