Posted on 05/21/2026 9:14:34 AM PDT by SeekAndFind
Elon Musk has revealed plans to float SpaceX in the US, paving the way for the largest stock market float in history set to make him a trillionaire.
The rocket, satellite and AI firm filed its highly anticipated prospectus with US regulators on Wednesday, which revealed SpaceX had chosen Nasdaq to make its debut under the ticker SPCX.
The filing with the Securities and Exchange Commission did not reveal the exact amount SpaceX was looking to raise.
Reports suggest Musk is looking at raising about $75billion at a $1.75trillion valuation.
That would put Musk on track to become the first trillionaire in history. The filing showed he will retain 85.1 per cent of the combined voting power of the company.
Even at a lower $1.25trillion valuation, Musk's majority ownership of SpaceX means his shares could be worth more than $600billion, bringing his total net worth to over $1trillion.
SpaceX's filing says: 'We believe we have identified the largest actionable total addressable market (TAM) in human history. We estimate that our quantifiable TAM is $28.5 trillion.'
SpaceX said its mission is to 'build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.'
It added: 'We do not want humans to have the same fate as dinosaurs.
'We want to give them a reason to look ahead with excitement, with the prospect that we are entering an age of abundance with an endlessly prosperous and exciting future.'
SpaceX said it hopes to launch space tourism, passenger and cargo transport to the Moon and Mars, and asteroid mining, among other plans.
SpaceX also announced plans to buy xAI, the company behind X's Grok chatbot, to bring AI, rockets and satellites under one company.
(Excerpt) Read more at msn.com ...
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I’ll have my mouse and keyboard ready for call options. LOL
Now, the question is, How many liberal Democrats that demonize Elon and his billions will be desperately trying to get in on the ground floor?.....................
Elon gets a Trillion and Bill Gates parks his car.
“Elon Musk has revealed plans to float SpaceX in the US, paving the way for the largest stock market float in history set to make him a trillionaire.”
But they don’t mention that it will also make most of the long timer workers there millionaires.
What the envious vile liberal media doesn’t mention... All the workers that become millionaires.
From AI...
“SpaceX’s upcoming IPO is projected to create a significant number of millionaires among its workforce, particularly among the engineers.
Number of Potential Millionaires
Estimates suggest that THOUSANDS of employees could become millionaires due to the IPO. This is primarily because many employees have accepted lower salaries in exchange for substantial equity stakes, including Restricted Stock Units (RSUs) and Incentive Stock Options (ISOs) that have appreciated significantly over time.
Financial Impact
With the IPO valued potentially at over $2 trillion, the shares held by long-tenured employees could be worth millions, given internal valuations around $420 per share for those who joined in earlier funding rounds.
The IPO is expected to mint more new billionaires than any previous liquidity event in history, reflecting not just the company’s financial success but also the structure of its employee compensation.
Implications
This massive transition could lead to rapid wealth generation, creating both opportunities and challenges as employees navigate the tax implications of their newfound wealth, especially regarding Alternative Minimum Tax (AMT) and ordinary income taxation on vested shares.
The significant wealth creation is anticipated to positively impact communities near SpaceX, as employees reinvest their earnings into local economies.”
keep in mind that StarLink’s revenue represents around 60-65% of the total SpaceX revenue in 2025 (the most recent full year with detailed breakdowns), with Starlink as SpaceX’s dominant and fastest-growing revenue source. [IOW, the SpaceX rocket business is cool, but StarLink is the real diamond in the SpaceX jewelry box ...]
But, but...AOC sez Elon is one of the “dumbest” people on earth...
That number makes no sense to me at all.
Current total Space destinations: Two - Earth Moon and Mars
Mercury and Venus: Absurdly hot and intense solar radiation
Jupiter and Saturn: Gas planets - Jupiter has huge radiation belts which all Jupiter moons orbit through.
Where - exactly - are Earth people going to go in our Solar System to generate $28.5 trillion of income?
“Where - exactly - are Earth people going to go in our Solar System to generate $28.5 trillion of income?”
I recently read that Starlink is the biggest money maker for SpaceX.
Have to get those satellites in space.
Maybe that’s where.
Just a guess.
“Where - exactly - are Earth people going to go in our Solar System to generate $28.5 trillion of income?”
The Belt.
spacex has spend 3 billion in 2025 for starship/booster dev and infrastructure, so ya an IPO makes sense, flight 12 today will make a great splash for the ipo.
I want to buy stock when i can
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