The first trillionaire | Electronics Weekly

The big assets are Starlink with 10 million subscribers accounting for somewhere between 50-80% of SpaceX’s revenue of $15-16 billion and profit of $8 billion.

SpaceX has been growing at anything between 50% and 100% a year with rocket launches almost every two days.

When xAI merged with SpaceX earlier this year, SpaceX was valued at $1 trillion and xAI at $250 billion.

On the secondary market – the Nasdaq Private Market – SpaceX is currently valued at $1.54 trillion.

The IPO is expected to raise about $50-75 billion cash.

Elon Musk owns about 42% percent of SpaceX’s equity, so his stake, at a $1.75 trillion valuation, would be worth around $735 billion.

His current wealth is valued at around $800 billion, so the IPO should create the world’s first trillionaire.