It’s possible that Musk is already a trillionaire, and these SpaceX employees and investors will win multibillion – dollar jackpots after the blockbuster IPO

(SeaPRwire) –   The largest IPO in history is set to generate enormous financial gains for Elon Musk, additional SpaceX staff, and investors.

In reality, the shares have not yet begun public trading, but Musk might already have achieved the status of the planet’s first trillionaire. According to Barron’s, based on recent private market trading of SpaceX, the CEO’s 6.4 billion shares are valued at $830 billion. Combined with his $290 billion in Tesla stock, his total holdings now reach $1.1 trillion.

Currently, though, the Bloomberg Billionaires Index estimates Musk’s net worth at $722 billion, which remains more than enough to secure his position as the wealthiest individual globally.

SpaceX publicly submitted its IPO filing on Wednesday. A roadshow is expected to commence on June 4. Share pricing is anticipated a week later, leading to a trading launch on the Nasdaq on June 12 under the ticker symbol SPCX.

The aerospace, satellite, and artificial intelligence firm aims to secure up to $80 billion at a potential valuation approaching $2 trillion. Should the company’s market cap exceed $1.7 trillion post-listing, it would validate Musk’s $1 trillion net worth.

The wealth creation extends further. Per the Financial Times, the SpaceX equity holdings of Chief Operating Officer Gwynne Shotwell and Chief Financial Officer Bret Johnsen are each poised to be valued at over $1 billion.

SpaceX director and Valor Equity Partners head Antonio Gracias holds 503 million shares potentially worth more than $70 billion. Another director, Luke Nosek, possesses a stake valued at approximately $5 billion.

Major investors are also poised to be compensated for their foresighted investments in SpaceX, founded in 2002 to compete with Boeing and Lockheed Martin’s control of the space launch sector.

Sources informed the Wall Street Journal that hedge fund Darsana Capital Partners initially invested in SpaceX in 2019 and is such a dedicated supporter that 60% of its managed assets are invested in Musk’s company. The IPO could yield paper profits exceeding $10 billion on Darsana’s investment.

Likewise, hedge fund D1 Capital Partners has already accrued roughly $9 billion in paper gains on SpaceX stock purchased for about $600 million, as reported by the Journal, with post-IPO valuation increases set to boost that figure further.

Although a relatively young company, SpaceX has captured market dominance. By innovating reusable, autonomously landing boosters, the firm drastically reduced launch expenses and increased launch frequency, thereby broadening access to low Earth orbit for a wide array of clients.

The company accounted for over 80% of worldwide rocket launches last year and operates more than 10,000 Starlink satellites in orbit, delivering satellite internet services to commercial and military users.

SpaceX is a primary launch contractor for NASA and the Pentagon, with the latter also engaging the company to assist in developing former President Donald Trump’s “Golden Dome” missile defense initiative.

Revenue increased by over 30% last year to $18.7 billion, but the net result shifted to a $4.9 billion loss as xAI’s deficits widened to $6.4 billion. Starlink’s profit more than doubled to $4.4 billion.

As a leading innovator in the space sector, SpaceX’s private market valuation had been climbing steeply prior to its public market entry.

In December, it was appraised at $800 billion following an insider share sale. Subsequent private market transactions then valued it at $1.54 trillion in April and $1.7 trillion currently. If the share price reaches $160 after the IPO, SpaceX could achieve a valuation above $2 trillion.

As substantial as that would be for Musk’s fortune, he could increase his wealth further if SpaceX meets exceptionally ambitious targets.

He stands to receive up to 200 million extra Class B shares if the company attains a $7.5 trillion valuation and establishes a Martian colony inhabited by 1 million people.

A separate performance goal would grant Musk an additional 60 million shares if the valuation reaches $6.6 trillion and SpaceX launches a constellation of orbital data centers with 100 terawatts of computing power.

Despite a novel corporate governance framework that would grant Musk virtually absolute executive authority, investors are positioned for a huge financial return and appear not to be resisting the governance alterations.

“I am not saying our investment process is to just give him money for anything he wants,” a venture capitalist who invested in X, xAI, and SpaceX told the FT. “But to be honest that wouldn’t have been a bad strategy: Never bet against Elon.”