Kathmandu. Elon Musk, the world’s richest man, could soon become the world’s first trillionaire. His company SpaceX is preparing to launch the world’s largest IPO next year in 2026. Musk himself has confirmed this.
SpaceX is expected to be valued at $1.5 trillion. Musk’s stake in this valuation will be $ 625 billion. This will bring his net worth to more than $ 1 trillion.
According to the Bloomberg Billionaires Index, Musk’s net worth is $465 billion. Musk runs several companies, including Tesla, SpaceX, and X. SpaceX is the world’s most valuable startup.
At the current offer, SpaceX’s share price is about $420. This puts the company’s valuation at more than $800 billion. If SpaceX were to sell 5 percent of the company’s stake at this valuation, it would have to sell $40 billion worth of shares. This will make for the biggest IPO ever. The previous record was held by Saudi Aramco. It raised $29 billion through an IPO in 2019.
An Oxfam report published in January this year claimed that the net worth of at least five rich people could exceed $100 billion in the next 10 years. According to the report, Musk could become a trillionaire in less than 5 years. ’
The combined wealth of Amazon founder Jeff Bezos, Oracle founder Larry Ellison, Meta CEO Mark Zuckerberg and France’s richest man Bernard Arnault is also expected to reach $100 trillion over the next 10 years.
