Has SpaceX filed for an IPO?

Multiple outlets reported in April 2026 that SpaceX submitted a confidential S-1 to the SEC on April 1, with a target public listing on June 28, 2026 — Musk's 55th birthday. Confidential S-1s only become public 15 days before the IPO road show.

What valuation is SpaceX targeting?

Reporting suggests a $1.5–2 trillion target listing valuation, with the market currently leaning toward $1.75T. The most recent private-market mark was $1.25T (Dec 2025 secondary tender). If the IPO prices in the rumored range, that's a 20–60% step-up.

What's Elon Musk's actual stake in SpaceX?

Approximately 42.5% economic ownership, with super-voting Class B shares giving him outright voting control. Lock-up terms post-IPO are not yet public, but typical insider lock-ups run 90–180 days.

How does the IPO push him over $1T?

At $1.75T, his stake is worth ~$744B without the private-market liquidity discount. Combined with $400B+ of Tesla holdings and ~$43B of other holdings, his net worth crosses $1T immediately on listing-day pricing.

What if the IPO is delayed?

He doesn't lose anything — the underlying value is still there, just illiquid. We continue marking SpaceX at the most recent private-market valuation with a 5% discount until the listing prints.

SpaceX · IPO watch

By Elon Musk Trillionaire Tracker Research DeskUpdated June 22, 2026Reviewed for accuracy

The single biggest catalyst on Musk's path to $1 trillion. Filed confidentially April 1, 2026. Target listing window: June 28, 2026 — his 55th birthday — at a $1.5–2T valuation. This page updates live.

Target listing

June 28, 2026

At $1.75T, Musk's 42.5% stake is worth $744B. Combined with Tesla holdings, he clears $1 trillion the day SpaceX prints.

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Stake at every valuation scenario

What Musk's ~42.5% economic stake is worth at each rumored IPO price level.

SpaceX valuation	Musk stake	With 5% disc.	If listed
$1.0T	$425B	$404B	$425B
$1.25T (today)	$531B	$505B	$531B
$1.5T	$638B	$606B	$638B
$1.75T (consensus)Consensus	$744B	$707B	$744B
$2.0T	$850B	$808B	$850B

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Why the IPO closes the $1T gap by itself

At a $1.75T listing, the SpaceX stake alone is worth $744B without the discount. Add Tesla direct shares + the 2018 options at intrinsic value (typically $300–450B combined), plus $43B for other holdings, and Musk lands between $1.05T and $1.20T — comfortably above the trillion-dollar threshold for the first time.

What changes in our live tracker if SpaceX prices

The SpaceX valuation input switches from the private-tender mark ($1.25T) to the public market cap.
The 5% illiquidity discount goes to zero — listed shares are liquid.

See methodology for the full formula.

Frequently asked questions

Multiple outlets reported in April 2026 that SpaceX submitted a confidential S-1 to the SEC on April 1, with a target public listing on June 28, 2026 — Musk's 55th birthday. Confidential S-1s only become public 15 days before the IPO road show.

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Sources: Bloomberg, Wall Street Journal, Reuters, SEC EDGAR confidential-filing reporting, the SpaceX official YouTube channel, and Google News RSS. Coverage refreshes hourly via the Worker.

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MUSK$811.0BΔ/SEC+$0TO $1T$189.0BMARKETUNKNOWNFORBES$811.0BMUSK$811.0BΔ/SEC+$0TO $1T$189.0BMARKETUNKNOWNFORBES$811.0B