Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk is on his way to becoming a trillionaire, with a net worth of around $662 billion. This will receive a boost after the much-awaited initial public offering (IPO) of SpaceX.
Elon Musk Hints At $ 1.75 Trillion Valuation
The potential SpaceX IPO has been a topic of significant interest, especially after Musk hinted at a $1.75 trillion valuation. This valuation is driven by SpaceX’s ambitious plans for Mars colonization and orbital expansion.
The company is reportedly preparing to file confidentially for an IPO as early as next month, aiming for a June listing that could raise up to $50 billion, potentially surpassing Saudi Aramco’s $29 billion debut to become the largest IPO in history.
Citigroup Joins IPO Process
Citigroup Inc. (NYSE:C) has joined the list of banks preparing for the IPO.
SpaceX is also considering a dual-class share structure to ensure Musk retains control post-IPO, a strategy similar to those used by Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Meta Platforms Inc. (NASDAQ:META).
With expectations that SpaceX’s market cap could rival those of Amazon.com Inc. (NASDAQ:AMZN) and Meta, the IPO is poised to be a landmark event in the financial world.
Here's What The Prediction Market Is Saying
Data from Kalshi, a federally authorized betting platform, shows that over $950,000 has been bet on the contract “When will SpaceX officially announce an IPO?"
The "Before Aug. 1, 2026" option has the highest backing, with bettors placing a 81% probability on this option.
The "Before Jul. 1, 2026" option also has a lot of backing, with bettors placing a 71% probability.
The prediction market, however, is skeptical of the company announcing its IPO before June 1, with the option having only a 29% probability, as per bettors.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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