Elon Musk, the founder of SpaceX, is set to become the world’s first trillionaire as the company prepares to go public. The initial public offering (IPO) is expected to raise $75 billion, making it the largest IPO in history.
SpaceX’s Ambitious Goals
SpaceX has promised to establish a one-million person Martian colony, launch data centers into orbit, and outdo rivals in the race to make money from artificial intelligence. However, the company has also reported significant losses, with $8.7 billion in losses between 2025 and March 31, 2026.
Musk has realized vast sums of wealth for himself, much of it in stock he has yet to cash in or grants for shares he’ll only receive if Tesla or SpaceX hit ambitious performance targets. His recent pay package from Tesla drew criticism from the Vatican.
Investor Interest
Despite the risks, big institutional buyers and smaller-pocketed investors alike have indicated they are willing to take a chance on SpaceX. The company’s IPO is expected to top the current title holder, Saudi Aramco, which raised $26 billion in its 2019 initial offering.
Original reporting: KTSA News/Talk (San Antonio) — read the source article.
