One Spielberg Won't Be Enough for a Trillion-Dollar Mask 0 12

He is $12 billion short of trillionaire status, which is roughly equivalent to the fortune of director Steven Spielberg ($12.2 billion), the agency notes.

The planned stock price is $135. Trading will begin on June 12, and if the value of the security rises even by 2.2%, to $138, Musk will still become a trillionaire.

The company SpaceX, owned by Musk, has been considered private since its founding in 2002, and its financial performance has not been officially disclosed. Musk proposed to conduct an IPO for SpaceX last summer. SpaceX plans to set a fixed IPO price of $135 per share to raise a record $75 billion. The company intends to sell 555.6 million shares and is aiming for a valuation of $1.75 trillion.

In February, Musk merged xAI and SpaceX. The combined capitalization of the merged companies amounted to $1.25 trillion.

The 54-year-old Musk is the richest person in the world. His fortune is currently estimated at $726 billion. He topped the Forbes list of the world's richest billionaires, becoming the first person in history to have a fortune exceeding $800 billion in February. He then became slightly poorer.

Bloomberg reminds us that Musk's wealth prospects may also change depending on the performance of his second main asset, Tesla Inc. If the stock returns to the mid-May level of $445 per unit, Musk won't even need a sharp rise in SpaceX shares on the first day of trading to become a trillionaire.