Elon Musk poised to be world's first trillionaire

SpaceX set a $135 IPO price for 555,555,555 shares, aiming to raise a record $75 billion and valuing Elon Musk’s ~42% stake at about $866.5 billion. Combined with his roughly 717 million Tesla (TSLA.OQ) shares (worth about $301.1 billion at ~$420), Musk’s holdings in the two companies total roughly $1.168 trillion on paper. The Bloomberg-adjusted measure, which factors in lock-ups and constraints, places his net worth near $988 billion; any post-IPO appreciation in SpaceX when trading begins June 12 could push him past $1 trillion. The filing and set IPO price — rather than a range — underscore strong demand, while investors appear willing to look past SpaceX’s cash burn and governance structure.