Billionaire Elon Musk is preparing for a “blockbuster” IPO with SpaceX, potentially valuing it at $1.5 trillion. When the startup goes public, Musk’s net worth could skyrocket.

Elon Musk is planning to list SpaceX on the stock exchange. Photo: Reuters .

Bloomberg reports that Elon Musk is planning one of the largest initial public offerings (IPOs) in history for SpaceX.

His aerospace company plans to raise $30 billion next year, and the IPO could value SpaceX at up to $1.5 trillion . SpaceX has not yet commented on this information.

Despite remaining a private company, SpaceX has never had difficulty raising funds. Therefore, its plan to offer shares to the public could help bring in a stronger flow of money to the company, which is pursuing ambitious and “extremely expensive” plans.

Currently, Elon Musk is the richest person in the world, and he could become even richer after the SpaceX IPO, as he owns nearly half of the company’s capital.

When SpaceX becomes a public company, Musk will also be able to borrow money more easily by mortgaging shares (similar to how he did with Tesla stock), thereby creating a source of “tax-free” cash for his various projects.

According to the Bloomberg Billionaire Index , Elon Musk currently has a net worth of approximately $461 billion , primarily thanks to Tesla stock and options. If SpaceX is valued at $1.5 trillion , his wealth could more than double.

SpaceX is at a pivotal moment, with the company nearly dominating the market for launching satellites and sending astronauts into space. Therefore, an IPO would also allow existing investors to realize returns on their investment.

Furthermore, the Starlink satellite system has transformed SpaceX into a global internet service provider. Therefore, this new funding will help the company pursue even more ambitious goals.

SpaceX is currently attracting a host of major investors, including Alphabet (Google’s parent company), Fidelity Investments, and well-known venture capital funds such as Founders Fund, Sequoia Capital, Valor Equity Partners, and Andreessen Horowitz.

According to PitchBook , the company has raised $10 billion to date , with each funding round attracting significant interest from numerous investors.

In recent posts, Elon Musk revealed that, unlike many other space companies, SpaceX has positive cash flow. He stated that Starlink generates the majority of its current revenue. At the same time, the company also has multi-billion dollar contracts with NASA, including resupply missions to the International Space Station and missions to send astronauts to the Moon.

However, investors believe this IPO has downsides, and Musk is well aware of this, according to CNN. Going public could put pressure on long-term plans and will take a significant amount of time to generate profits.

This also means greater scrutiny from the public and regulators such as the Securities and Exchange Commission (SEC), an organization with which Musk has clashed numerous times. In 2018, the billionaire even suggested taking Tesla back private, although he later rejected the idea.

On the other hand, Elon Musk frequently clashes with certain investor groups, including analysts, short sellers, and shareholder advisory firms. Recently, he even called these types of research firms “corporate terrorists.”