Published: June 4, 2026 at 8:29 am
Elon Musk is set to become a trillionaire when SpaceX floats on the Nasdaq next week.
The expected world-record $1.75 trillion IPO would see the space and AI company raise around $75 billion if it is successful in selling 555.6m shares at $135 apiece.
The plan was revealed by Space Exploration Technologies Corp – the formal name of SpaceX – in a company filing on Wednesday.
However Morningstar analysts warned that it is “significantly overvalued”.