00:00It's Benzinga bringing Wall Street to Main Street
00:02Tesla CEO Elon Musk is on track to become a trillionaire with a net worth of about $662
00:08billion as SpaceX prepares for a potential initial public offering, according to Benzinga.
00:13The company may file confidentially for an IPO as early as next month and target a June
00:18listing that could raise up to $50 billion. That total would surpass Saudi Aramco's $29
00:24billion debut to become the largest IPO in history. Musk has suggested a $1.75 trillion
00:31valuation for SpaceX tied to plans for Mars colonization and orbital expansion. SpaceX
00:37is considering a dual-class share structure to preserve Musk's control, similar to Alphabet
00:42and Meta. CalShare data shows bettors place an 81% probability on an IPO announcement before
00:48August 1st, 2026. Betters assign a 29% probability to SpaceX announcing its IPO before June 1st.
00:56For all things money, visit Benzinga.com.
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