Elon Musk set to be world’s first Trillionaire on SpaceX IPO! Here’s how you can enter Musk’s world, now.

Elon Musk is now one step closer to being worth over US$ 1,000,000,000,000!

Yesterday (Thursday, May 20th), SpaceX filed its S-1 with the US Securities and Exchange Commission (SEC), aiming to raise $75–80 billion and achieve a valuation of $1.5–2 trillion on Nasdaq under the ticker SPCX.

In less jargon-y terms ...

The initial public offering for SpaceX (or officially known as Space Exploration Technologies Corp.) is said to be the largest IPO in history!

DECODE: An IPO is the first time a private company, like SpaceX, sells shares of itself to the general public, giving everyday investors the opportunity to become part-owners of that company.

And it may well launch the fortunes of the world’s richest person into the stratosphere!

World’s richest man about to get insanely rich-er!

54-year-old Musk is currently worth US$ 676.5 billion, having sat at the top of the Bloomberg Billionaires Index for nearly 2 years.

As things stand, that’s more than the COMBINED worth of 2nd-placed Larry Page (US$ 327.8B) and 3rd-placed Sergen Brin (US$304.5B) - the co-founders of Alphabet, Google’s parent company.

Here’s the current standings of the 10 richest people on the Bloomberg Billionaires Index:

1. Elon Musk (Tesla CEO): US$ 676.5 billion
2. Larry Page (Alphabet co-founder): US$ 327.8 billion
3. Sergen Brin (Alphabet co-founder): US$ 304.5 billion
4. Jeff Bezos (Amazon founder): US$ 283.5 billion
5. Larry Ellison (Oracle founder): US$ 242 billion
6. Mark Zuckerberg (Meta co-founder): US$ 215 billion
7. Jensen Huang (Nvidia CEO): US$ 184.7 billion
8. Michael Dell (Dell CEO): US$ 171.8 billion
9. Bernard Arnault (LVMH chairman): US$ 161 billion
10. Jim Walton (youngest son of Walmart founder, Sam Walton): US$ 156.3 billion

How would SpaceX IPO make Musk a trillionaire?

Musk owns approximately 5.1 billion SpaceX shares, as well as ~350 million options at an $8.39 strike price, representing a slightly more than 40% stake.

At a $2 trillion valuation, his SpaceX holdings alone, combined with his Tesla position, would push his net worth to an estimated $1.1 trillion.

^{FUN FACT: Musk could be worth many billions more if, as part of Musk’s “Marshot” compensation package, SpaceX builds a city on Mars with 1 million inhabitants, and also puts data centers in space!}

Can SpaceX reach that US$1.5 - 1.7 trillion market cap?

Within the SpaceX fold, Starlink has about 10.3 million subscribers across 164 countries, and generated about US$ 3.3 billion in revenue in Q1 2026 (though SpaceX as a whole announced a net loss of US$ 4.28 billion for the same period).

Beyond rockets and Starlink, SpaceX’s S-1 identifies a $28.5 trillion total addressable market in commercial spaceflight.

The company also disclosed a $45 billion computing deal with Anthropic through May 2029, underscoring its AI infrastructure ambitions.

Here’s how investors and traders could enter Musk’s atmosphere

Here are some assets that are closely linked to the person who’s set to become the world’s first trillionaire:

1) Tesla _{(+9.3% month-to-date, so far in May 2026; -7.2% year-to-date, so far in 2026)}

Tesla holds about 19 million SpaceX Class A shares. If SpaceX’s value soars, then Tesla’s net asset value (NAV) would also rise in tandem. This creates direct balance sheet upside at the SpaceX IPO.

Furthermore, a broader Musk halo effect could re-rate the stock higher, along with perhaps these 2 other assets listed below.

2) Bitcoin _{(+2% month-to-date; -11% year-to-date)}

SpaceX disclosed 18,712 BTC (~$1.29 billion) on its balance sheet.

A successful, high-profile IPO by a BTC-holding company of this scale validates corporate Bitcoin adoption and could drive incremental demand for the world’s oldest and biggest crypto.

At the time of writing, Bitcoin is rebounding higher and reclaimed the $78k level, after finding “immediate critical support” at the $76k psychological level - just as we’d expected since Monday, May 18th.

READ MORE (published Mon, May 18): Bitcoin listed among “3 Assets to Watch” (May 18-22)

3) Dogecoin _{(-0.6% mtd; -10% ytd)}

In terms of pure aura alone, no crypto asset is more closely tied to Elon Musk’s public persona than Dogecoin.

A blockbuster SpaceX IPO could amplify the Musk halo effect across markets, drawing fresh attention to assets most strongly associated with the person who’s set to become the world’s first trillionaire.

While Dogecoin has no direct ownership link to SpaceX, it has historically benefited from surges in Musk-related news flow, making it one of the purest sentiment plays on the growing Musk ecosystem.

BONUS: AST SpaceMobile _{(+21% mtd, +23% ytd)}

As a pure-play space connectivity name, ASTS benefits directly from rising investor appetite for the space sector.

ASTS just went through its own IPO almost-exactly 2 years ago.

Since its IPO in May 2024, ASTS has surged 1800%!

Should SpaceX’s IPO draw further investors’ attention to the broader space ecosystem, ASTS is set to benefit as a liquid and listed beneficiary at present.

Downside Risks

To be clear, the case for potential upside listed above is not a foregone conclusion.

Here are some potential risks that could spoil the party:

• Capital rotation — A $75–80 billion raise could pull funds out of TSLA, and other Musk-linked assets to fund allocations for SpaceX stocks. Such a massive public listing could even force indexes to include SpaceX at the expense of other stocks, potentially prompting passive funds (e.g. ETFs) to rotate capital away from other investments into SpaceX, so as to meet any index-tracking mandates.

• Valuation bubble — Dot-com era comparisons have been raised; a disappointing IPO pricing could deflate the entire space sector. At a $2 trillion target valuation, SpaceX would be priced at roughly 107x its trailing quarterly revenue run-rate of ~$18.8 billion annually — a multiple that leaves virtually no margin for error. Any miss on Starlink subscriber growth, launch cadence, or the Anthropic computing deal could trigger a sharp de-rating that cascades across the entire space and Musk-linked assets.

• Musk distraction — IPO execution demands may divert focus from Tesla’s core operations. Tesla is already navigating a critical product cycle, including the ramp of its next-generation affordable vehicle while pivoting towards driverless cars and humanoid robots, at a time when it faces intensifying competition from BYD and legacy automakers in key markets.

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This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.