Elon Musk Net Worth Could Make Him First Trillionaire as SpaceX Files for Historic IPO | AI, Elon Musk, Finance, SpaceX, Stock Market | Celebrity News and Gossip | Entertainment, Photos and Videos

Elon Musk‘s company SpaceX is getting ready to go public.

The rocket company quietly filed paperwork to launch an IPO (Initial Public Offering), which means it plans to sell shares on the stock market.

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This could happen as soon as June, and may become one of the biggest IPOs ever, per the New York Times.

SpaceX could be valued at more than $1 trillion dollars. Some reports say it could reach about $1.75 trillion dollars, making it one of the most valuable companies in the world, per Bloomberg.

Elon Musk is already the richest person in the world, with his current net worth at about $821 billion according to Forbes.

Tesla has a market cap of around $1.4 trillion, per CNBC.

If SpaceX goes public at a higher value, his wealth could grow even more. Some reports say the IPO could help him push closer to becoming the world’s first trillionaire.

SpaceX was founded in 2002, and is now a major partner for NASA. It launches rockets and runs the Starlink internet service used around the world. It also owns social network X, formerly known as Twitter.

The confidential filing means the company has shared financial details with regulators, but not to the public yet. If the IPO moves forward, it could raise tens of billions of dollars to help fund future projects like “launching artificial intelligence data centers into orbit, creating a colony on the moon and getting humans to Mars,” per the NYT.

In his private life, Elon partnered with several women and welcomed over a dozen children to date.