SpaceX unveils plans for blockbuster market debut that could push Elon Musk toward trillionaire status

Elon Musk’s SpaceX (NASDAQ:SPCX)has disclosed plans to launch a public listing in the US, opening the door for investors to trade shares of the aerospace company on the stock market.

The company builds rockets, operates the Starlink satellite internet network, and also controls Musk’s controversial artificial intelligence venture xAI.

The initial public offering (IPO), expected to trade under the ticker symbol SPCX, is poised to become the largest stock market debut in Wall Street history and could begin as early as next month.

Musk, already recognised as the world’s wealthiest person, could see his fortune surpass the trillion-dollar mark through his holdings in SpaceX.

SpaceX has placed its valuation at roughly $1.25tn, with Musk’s controlling stake potentially worth more than $600bn.

Last year, the Tesla chief became the first individual ever to record a personal net worth above $500bn.

A successful flotation of SpaceX could now elevate his total wealth beyond $1tn.

The filing provides one of the clearest views yet into the financial performance of SpaceX.