The world’s richest man could more than double his current fortune of $460.6 billion if SpaceX manages to go public next year. The company he founded continues its plan to be listed in 2026 through a public stock offering (IPO) with which it plans raise more than 30,000 million dollars (25,778 million euros at the current exchange rate). This IPO would become the largest in history, surpassing that carried out by the oil company Saudi Aramco.
Musk’s stake in the space company alone would be worth more than $625 billion (€535 billion), according to calculations by the Billionaires Index. Bloombergagainst 136 billion current dollars (116.7 billion euros). This amount does not include his multi-million dollar stakes in other companiesincluding the world’s most valuable automaker, Tesla. Thus, his total fortune would amount to 952 billion dollars (817 billion euros), or some 491 billion more than its current level. Musk owns about 42% of SpaceX, based in Starbase, Texas, according to calculations by Bloombergwhich uses, among other sources, files from the Federal Communications Commission.
However, Musk’s path to becoming a billionaire is not without challenges. At Tesla, your salary package only becomes effective when the company achieves certain goals. Among the most ambitious are the achievement of a market value of 8.5 billion dollars (7.3 billion euros), against around 1.5 billion currently, and an adjusted profit before interest. At the same time, a $1.5 billion (€1.2 billion) IPO for SpaceX, of which Musk is also CEO, would mean nearly matching the record set by Saudi Aramco when it went public in 2019, with a valuation of $1.7 billion. Then, the oil giant had revenues of around $360 billion (€310 billion) the year before its IPO.
Now it is said that SpaceX expects revenue of around $15 billion (€12.879 million) this yearas shown Bloomberg. Still, SpaceX has a history of rapidly growing valuations and strong investor enthusiasm. The company, which makes rockets and operates the Starlink satellite internet service, is working on a new deal that will allow employees to sell about $2 billion (€1.71 billion) worth of shares at a valuation of more than $800 billion (€687 billion).
If this milestone comes to fruition, it will once again become the world’s most valuable private company after losing that crown to OpenAI earlier this year, and would add more than 180 billion dollars (154 billion euros) to Musk’s net worth. If Musk’s other paths to becoming a billionaire don’t work, he still has xAI, his artificial intelligence startup that hit a valuation of $200 billion (€170 billion) in September.
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