As SpaceX IPO nears, traders think Musk will be the first trillionaire
Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026.
Evan Vucci | Reuters
Investors are confident that Elon Musk will reach trillionaire status before 2027 after rumors that SpaceX will stage a record-breaking IPO.
When markets first opened in Kalshi, Musk’s chances of becoming the world’s first trillionaire were timid. But those odds began to improve last fall, when Musk’s net worth surpassed $500 billion in October and reached a milestone of more than $700 billion in December after the Delaware Supreme Court restored Tesla stock options that had previously been rejected by a lower court.
Now, the odds suggest Musk has over a 90% chance of becoming the world’s first trillionaire before 2027. Seven months left to see this possible record. Investors see roughly similar odds that Musk will become a trillionaire before 2028, at 93%.
Musk on Friday rejected Bloomberg’s report that SpaceX valuation fell on Friday confirmed that the rocket and satellite company will have a blockbuster IPO, easily outperforming other historic IPO deals.
Investors are more confident that Musk will reach trillionaire status than a possible merger with his other company. Tesla’s. But analysts like Wedbush’s Dan Ives expect the companies to merge by next year.
A combination of the two companies could make sense. Ives noted that Musk “wants to own and control more of the AI ecosystem,” which is something the SpaceX-Tesla merger could facilitate.
SpaceX filed confidentially with the Securities Exchange Commission in April and will debut with Nasdaq early next month.
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