SpaceX confirms plans for an IPO that could make Elon Musk a trillionaire

BREAKING NEWSMay. 20, 2026, 8:48 PM UTCElon MuskElon MuskSpaceX confirms plans for an IPO that could make Elon Musk a trillionaireIt would likely be the biggest IPO ever, surpassing the 2020 debut of Saudi Aramco.Listen to this article with a free account00:0000:00Elon Musk in Paris in 2023.Chesnot / Getty Images fileShareAdd NBC News to GoogleBy David IngramSpaceX confirmed plans to sell shares of its stock to the public for the first time, according to a securities filing Wednesday outlining the company’s fundamentals.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.The initial public offering (IPO) could make CEO Elon Musk the world’s first trillionaire, a milestone that underscores the extraordinary wealth the tech industry has amassed over three decades.SpaceX’s IPO is expected to draw wide investor interest because of the company’s success in rockets and satellite-based internet — two areas where SpaceX has a wide lead over potential competitors. The IPO is expected next month after a marketing period when Musk can try to drum up further interest in the company’s stock.It would likely be the biggest IPO ever, surpassing the debut of Saudi Aramco. In 2020, the Middle Eastern oil company raised $29.4 billion from investors in its IPO.Starship V3 on the launch pad during a wet dress rehearsal.SpaceXThe IPO is a test of investors’ appetite for Musk, after years of him trying to balance his business empire with his far-right politics and white-supremacist conspiracy theories. Only a year ago, Musk, who is also the CEO of Tesla, was the target of nationwide protests at Tesla dealerships due to his chainsaw-wielding tenure as head of President Donald Trump’s Department of Government Efficiency.Tesla’s business is continuing through a rocky period, with declining revenue, rising capital costs and a dearth of new products.Musk, though, has maintained a core of devoted fans, and many of them have poured money into Tesla...