SpaceX Files for Record $75 Billion IPO, Propelling Musk Towards Trillion-Dollar Fortune

Space Exploration Technologies Corp., better known as SpaceX, formally filed on Wednesday to raise $75 billion in what is set to be the largest initial public offering ever recorded. According to documents submitted to the US Securities and Exchange Commission, the company intends to sell 555.6 million shares at a fixed price of $135 apiece, placing its market capitalisation at roughly $1.77 trillion. This would easily eclipse the $25.6 billion raised by Saudi Aramco in 2019 and rank SpaceX among the most valuable companies on the S&P 500 on its first day of trading. Elon Musk, who serves as chief executive, chairman and chief technical officer, will not sell any shares and is expected to retain 82.4% of voting power, cementing his grip on a business now spanning space launch, satellite broadband and artificial intelligence.\n\nThe filing triggered a flurry of reactions from financial centres on multiple continents. Viewed from Washington, the IPO represents a seismic event for American capital markets, potentially altering the composition of benchmark indices; the Nasdaq recently changed rules to accommodate megacap entrants, raising implications for ordinary 401(k) retirement accounts. European observers in Paris and Frankfurt noted that Musk’s on-paper wealth—already estimated at over $900 billion by Forbes—would almost certainly cross the trillion-dollar threshold once shares begin trading, something no individual in history has achieved. The sheer velocity of his accumulation was underscored by Swedish publications calculating that Musk has, on average, earned roughly $60,000 each minute since co-founding his first company three decades ago.\n\nFrom Asia, however, came a more sceptical chorus. A detailed report by Morningstar, widely cited in Taiwanese media, valued SpaceX at only $780 billion—less than half the target—citing exaggerated growth assumptions for its nascent space-based AI data centre business. The Starlink satellite network, while a proven revenue driver, confronts limits in its addressable market, the analysts noted, and the plan to orbit AI computing hubs remains speculative. In the Gulf, where Saudi Aramco’s record IPO was once a point of pride, financial commentators highlighted the rivalry as symbolic of a shift from oil-age to space-age valuations.\n\nPolitical undercurrents were also evident south of the Rio Grande. Brazilian financial daily Valor Econômico revealed that at least ten senior Trump administration officials—including a special envoy and the head of the Small Business Administration—hold SpaceX or xAI shares, potentially reaping windfalls once the stock begins trading. The news adds a layer of ethical complexity to an already closely watched debut. Meanwhile, the IPO is only one front in a broader race; competitor Anthropic has tapped Morgan Stanley and Goldman Sachs for a possible offering later this year, valued at around $965 billion, intensifying competition for what some fund managers are calling the AI capital super-cycle. For Musk, the immediate prize is nothing less than the crown of the world’s first trillionaire—a milestone that, should the $135 price hold or indeed climb slightly, will be sealed within days.