SpaceX set for public listing this week as Elon Musk eyes trillionaire status

The rocket company's Nasdaq debut could raise $75 billion and make its founder the first person to cross the thirteen-figure wealth threshold.

Share

Add us on Google by Editorial Team Jun. 9, 2026

SpaceX is scheduled to begin trading on the Nasdaq under the ticker SPCX on June 12, 2026, in what would be the largest initial public offering in history. The company plans to sell 555,555,555 shares at $135 apiece, targeting a raise of $75 billion and a post-IPO valuation of roughly $1.77 trillion.

At that price, Elon Musk’s approximately 49% stake would be worth around $866.5 billion. Combined with his other holdings, that figure would push him past the $1 trillion net worth line, a threshold no human has previously crossed.

What SpaceX’s S-1 revealed about its Bitcoin stash

The company’s public S-1 filing contained a detail that caught the crypto world’s attention. SpaceX disclosed holding 18,712 Bitcoin on its balance sheet as of March 31, 2026, valued between $1.29 billion and $1.45 billion at the time.

Advertisement

That number meaningfully exceeded prior market estimates of the company’s digital asset exposure. The filing showed no connections to other cryptocurrencies or blockchain projects. This is a straightforward Bitcoin allocation, likely treated as a treasury reserve asset rather than a strategic pivot into Web3.

From private rocket shop to public market behemoth

Musk founded SpaceX in 2002 with the stated goal of making life multiplanetary. Before the IPO filing in April 2026, SpaceX had already reached a $1.25 trillion valuation in private markets, making it the most valuable private company ever.

Musk will retain approximately 85% of combined voting power post-IPO. Outside shareholders get economic exposure, but Musk keeps the steering wheel firmly in his hands. It’s a dual-class share structure that mirrors what tech founders like Mark Zuckerberg have used to maintain control while accessing public capital.

The lockup period also means Musk’s wealth, while staggering on paper, remains largely illiquid. He can’t simply sell $866 billion worth of shares the morning after the bell rings.

What this means for investors

Market analysts expect SpaceX to be swiftly included in major stock indices like the Nasdaq 100, which would force index funds and ETFs to buy shares.

The ripple effects extend beyond SpaceX itself. Musk’s financial fortunes are tightly linked across his portfolio of companies, most notably Tesla. Any major movement in SpaceX’s public valuation could influence investor sentiment toward Tesla’s stock.

A 30% drawdown in BTC price would erase roughly $400 million from SpaceX’s balance sheet, which is manageable for a company this size but could still generate negative headlines during quarterly earnings. Conversely, a Bitcoin rally would provide a tailwind that has nothing to do with rockets or satellites.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.