According to SpaceX's updated IPO prospectus, Elon Musk's stake in the company is valued at $866.5 billion, and the upcoming IPO is set to price shares at $135 each. This event is pivotal as it marks a significant milestone for Musk, who already has a substantial net worth of $826 billion, primarily from his holdings in Tesla, which is worth about $355 billion.
Following the IPO, Musk will maintain over 82% voting control of SpaceX, although he will be required to hold his shares for a year due to a lock-up period. The prospectus highlights Musk's strong economic incentive to ensure SpaceX's success, which could lead to further wealth accumulation.
Speculation exists regarding a potential merger between SpaceX and Tesla, aimed at consolidating resources for artificial intelligence and capital raising. Notably, SpaceX generated $18.67 billion in revenue last year, a fraction compared to Tesla's nearly $95 billion and Meta's over $200 billion.
If SpaceX achieves its expected valuation, Musk will oversee two of the eight most valuable U.S. companies, further solidifying his position in the market