<p>Elon Musk has outlined one of SpaceX's most ambitious ideas yet: sending humanoid robots to the Moon to build factories and industrial infrastructure before humans take over. Speaking during the company's latest earnings call, Musk said robotic construction on the lunar surface could eventually help expand Earth's economy by as much as 1,000 times. "It sounds super sci-fi right now, but it's going to happen," Musk said, describing a future where autonomous machines manufacture equipment and build critical infrastructure beyond Earth.</p><h2><strong>Why Musk wants factories on the Moon</strong></h2><p>According to Musk, building factories in space offers several advantages over Earth-based manufacturing. Cooling systems would require fewer resources, while autonomous robots could perform dangerous or repetitive work without human intervention. Musk also argued that SpaceX's satellites should already be viewed as robots because they operate autonomously and do not require regular servicing. One of the long-term goals is to build a mass accelerator on the Moon a system capable of launching cargo into space without traditional rockets. Musk believes humanoid robots would be essential for constructing and maintaining such large-scale infrastructure. However, he admitted the proposal currently sounds "totally nuts" and offered no timeline for when it could become reality.</p><h2><strong>Will Tesla's Optimus robots be used?</strong></h2><p>SpaceX did not reveal whether it plans to deploy Tesla's Optimus humanoid robots or develop a new generation of robotic workers specifically for lunar operations. The company also did not disclose investment plans or a roadmap for building Moon-based factories. For now, the project remains part of Musk's long-term vision for expanding humanity's industrial footprint beyond Earth. The announcement comes days after a discarded upper stage of a SpaceX Falcon 9 rocket reportedly impacted the Moon after drifting in space for more than a year following a 2025 lunar mission.</p><h2><strong>Nvidia partnership powers SpaceX's AI ambitions</strong></h2><p>Alongside its lunar plans, SpaceX also announced a partnership with Nvidia to develop Starmind AI-1, an orbital data centre powered by Nvidia's latest Rubin GPUs and Vera CPUs. Musk said the first Starmind satellites are expected to launch next year and confirmed SpaceX will build its AI infrastructure exclusively on Nvidia hardware. "We think the Vera Rubin architecture is the best AI computer," Musk said, calling Nvidia a key strategic partner as SpaceX expands its artificial intelligence capabilities both in orbit and, eventually, on the Moon.</p>

Elon Musk says SpaceX wants humanoid robots to build factories on the Moon, calling it a step towards making Earth's economy 1,000 times larger. The company also announced an AI partnership with Nvidia to power future orbital data centres and space infrastructure.


Elon Musk has outlined one of SpaceX's most ambitious ideas yet: sending humanoid robots to the Moon to build factories and industrial infrastructure before humans take over. Speaking during the company's latest earnings call, Musk said robotic construction on the lunar surface could eventually help expand Earth's economy by as much as 1,000 times. "It sounds super sci-fi right now, but it's going to happen," Musk said, describing a future where autonomous machines manufacture equipment and build critical infrastructure beyond Earth. Why Musk wants factories on the Moon According to Musk, building factories in space offers several advantages over Earth-based manufacturing. Cooling systems would require fewer resources, while autonomous robots could perform dangerous or repetitive work without human intervention. Musk also argued that SpaceX's satellites should already be viewed as robots because they operate autonomously and do not require regular servicing. One of the long-term goals is to build a mass accelerator on the Moon a system capable of launching cargo into space without traditional rockets. Musk believes humanoid robots would be essential for constructing and maintaining such large-scale infrastructure. However, he admitted the proposal currently sounds "totally nuts" and offered no timeline for when it could become reality. Will Tesla's Optimus robots be used? SpaceX did not reveal whether it plans to deploy Tesla's Optimus humanoid robots or develop a new generation of robotic workers specifically for lunar operations. The company also did not disclose investment plans or a roadmap for building Moon-based factories. For now, the project remains part of Musk's long-term vision for expanding humanity's industrial footprint beyond Earth. The announcement comes days after a discarded upper stage of a SpaceX Falcon 9 rocket reportedly impacted the Moon after drifting in space for more than a year following a 2025 lunar mission. Nvidia partnership powers SpaceX's AI ambitions Alongside its lunar plans, SpaceX also announced a partnership with Nvidia to develop Starmind AI-1, an orbital data centre powered by Nvidia's latest Rubin GPUs and Vera CPUs. Musk said the first Starmind satellites are expected to launch next year and confirmed SpaceX will build its AI infrastructure exclusively on Nvidia hardware. "We think the Vera Rubin architecture is the best AI computer," Musk said, calling Nvidia a key strategic partner as SpaceX expands its artificial intelligence capabilities both in orbit and, eventually, on the Moon.

<p>Elon Musk says SpaceX wants humanoid robots to build factories on the Moon, calling it a step towards making Earth's economy 1,000 times larger. The company also announced an AI partnership with Nvidia to power future orbital data centres and space infrastructure.</p>

Elon Musk wants humanoid robots to build Moon factories, says it could make Earth's economy 1,000 times bigger

Elon Musk remains the world's richest person, but his fortune has suffered one of the sharpest declines ever recorded after heavy selling in Tesla and SpaceX shares. According to the Bloomberg Billionaires Index, Musk's net worth has fallen below the level it stood at before SpaceX's blockbuster stock market debut. His estimated fortune has dropped from around $1.45 trillion to just over $700 billion, wiping out roughly $650 billion in paper wealth within just a few weeks. The decline follows a steep correction in SpaceX shares, which have fallen around 45% since their record-breaking IPO, while Tesla stock has dropped approximately 17% after reporting weaker-than-expected second-quarter earnings.

Elon Musk Loses Nearly $650 Billion In Weeks | Tesla And SpaceX Selloff Ends Trillionaire Status

<p>SpaceX has achieved another milestone just days after its historic stock market debut. The company has surpassed Amazon in market value after a surge in its share price pushed its valuation above $2.7 trillion. The rally has added roughly $1 trillion to SpaceX's value since it went public last week, making it the fifth-most valuable company in the world.</p><p>&nbsp;</p><p>The rapid rise has attracted attention because SpaceX's financial profile looks very different from many of the companies it now rivals. While Amazon generated around $78 billion in profit on $717 billion in revenue during 2025, SpaceX reported a loss of $4.9 billion on revenue of $18.7 billion. Yet investors continue to push the stock higher.</p><h2><strong>Why SpaceX shares are rising so quickly</strong></h2><p>The latest jump came after SpaceX announced plans to acquire AI coding startup Cursor in a $60 billion all-stock deal. The acquisition is seen as a major step in the company's effort to strengthen its artificial intelligence business. Investors appear to be focusing less on current earnings and more on SpaceX's long-term growth potential. The company has increasingly positioned itself as more than a space and satellite operator. It is now promoting opportunities in artificial intelligence, computing infrastructure and enterprise software.</p><p>&nbsp;</p><p>That broader vision is helping fuel investor enthusiasm.</p><p>The AI factor behind SpaceX's valuation</p><p>Artificial intelligence has become a central part of the SpaceX investment story.</p><p>&nbsp;</p><p>Earlier this year, Elon Musk's AI company, xAI, became part of SpaceX's wider business structure. Since then, the company has highlighted massive opportunities in AI infrastructure and enterprise applications. SpaceX has argued that its addressable AI market could eventually be measured in trillions of dollars.</p><h2><strong>The Cursor acquisition fits directly into that strategy</strong></h2><p>Cursor has emerged as one of the fastest-growing AI coding platforms and is viewed as a key player in the rapidly expanding market for autonomous software development tools. For investors, the deal signals that SpaceX intends to compete aggressively in AI rather than remain focused solely on rockets and satellites.</p><p>&nbsp;</p><p>A historic IPO with unusual characteristics, SpaceX's public listing was already attracting attention before the stock surge. The company debuted with a valuation of roughly $1.7 trillion and raised nearly $86 billion through the offering. However, only around 4 per cent of SpaceX's shares were made available for public trading.</p><p>&nbsp;</p><p>Market analysts had warned that such a limited float could lead to significant price swings because a relatively small amount of buying or selling activity could have a larger impact on the share price.</p><p>&nbsp;</p><h2><strong>That prediction appears to be playing out.</strong></h2><p>Since listing, SpaceX shares have experienced sharp gains as investor demand continues to outpace available supply.</p><p>Overtaking Amazon is symbolically significant. Amazon is one of the most profitable and influential companies in the world, with businesses spanning e-commerce, cloud computing, logistics, advertising and artificial intelligence. SpaceX, by comparison, remains a much younger company with significantly lower revenue and ongoing losses. The gap highlights how investors are increasingly valuing future growth opportunities rather than current financial performance. Supporters believe SpaceX's position in space technology, satellite communications and artificial intelligence could create enormous long-term value.</p><h2><strong>The next test for SpaceX</strong></h2><p>The company's soaring valuation now places even greater pressure on management to deliver. Investors will be watching closely to see whether SpaceX can successfully integrate Cursor, expand its AI operations and justify the ambitious forecasts that helped drive its share price higher.</p><p>For now, however, the market appears convinced. Just days after completing the largest IPO in history, SpaceX has overtaken Amazon and joined the ranks of the world's most valuable companies.</p>

SpaceX has overtaken Amazon to become the world's fifth-most valuable company after a sharp rally in its share price.

SpaceX has achieved another milestone just days after its historic stock market debut. The company has surpassed Amazon in market value after a surge in its share price pushed its valuation above $2.7 trillion. The rally has added roughly $1 trillion to SpaceX's value since it went public last week, making it the fifth-most valuable company in the world. The rapid rise has attracted attention because SpaceX's financial profile looks very different from many of the companies it now rivals. While Amazon generated around $78 billion in profit on $717 billion in revenue during 2025, SpaceX reported a loss of $4.9 billion on revenue of $18.7 billion. Yet investors continue to push the stock higher. Why SpaceX shares are rising so quickly The latest jump came after SpaceX announced plans to acquire AI coding startup Cursor in a $60 billion all-stock deal. The acquisition is seen as a major step in the company's effort to strengthen its artificial intelligence business. Investors appear to be focusing less on current earnings and more on SpaceX's long-term growth potential. The company has increasingly positioned itself as more than a space and satellite operator. It is now promoting opportunities in artificial intelligence, computing infrastructure and enterprise software. That broader vision is helping fuel investor enthusiasm. The AI factor behind SpaceX's valuation Artificial intelligence has become a central part of the SpaceX investment story. Earlier this year, Elon Musk's AI company, xAI, became part of SpaceX's wider business structure. Since then, the company has highlighted massive opportunities in AI infrastructure and enterprise applications. SpaceX has argued that its addressable AI market could eventually be measured in trillions of dollars. The Cursor acquisition fits directly into that strategy Cursor has emerged as one of the fastest-growing AI coding platforms and is viewed as a key player in the rapidly expanding market for autonomous software development tools. For investors, the deal signals that SpaceX intends to compete aggressively in AI rather than remain focused solely on rockets and satellites. A historic IPO with unusual characteristics, SpaceX's public listing was already attracting attention before the stock surge. The company debuted with a valuation of roughly $1.7 trillion and raised nearly $86 billion through the offering. However, only around 4 per cent of SpaceX's shares were made available for public trading. Market analysts had warned that such a limited float could lead to significant price swings because a relatively small amount of buying or selling activity could have a larger impact on the share price. That prediction appears to be playing out. Since listing, SpaceX shares have experienced sharp gains as investor demand continues to outpace available supply. Overtaking Amazon is symbolically significant. Amazon is one of the most profitable and influential companies in the world, with businesses spanning e-commerce, cloud computing, logistics, advertising and artificial intelligence. SpaceX, by comparison, remains a much younger company with significantly lower revenue and ongoing losses. The gap highlights how investors are increasingly valuing future growth opportunities rather than current financial performance. Supporters believe SpaceX's position in space technology, satellite communications and artificial intelligence could create enormous long-term value. The next test for SpaceX The company's soaring valuation now places even greater pressure on management to deliver. Investors will be watching closely to see whether SpaceX can successfully integrate Cursor, expand its AI operations and justify the ambitious forecasts that helped drive its share price higher. For now, however, the market appears convinced. Just days after completing the largest IPO in history, SpaceX has overtaken Amazon and joined the ranks of the world's most valuable companies.

<p>SpaceX has overtaken Amazon to become the world's fifth-most valuable company after a sharp rally in its share price.</p>

SpaceX is now worth more than Amazon after gaining $1 trillion in market value

<p>In its blockbuster IPO on Friday (Jun 12), SpaceX sold roughly 555.6 million new Class A common shares at $135 apiece at a valuation of roughly $1.75 trillion, turning founder Elon Musk into a trillionaire. The IPO floated 4.3 per cent of SpaceX's equity. Musk's nearly 42 per cent stake and voting control were essentially untouched by the listing, as the IPO consisted mostly of newly issued shares rather than insiders cashing out. IPO sales came mainly from these newly issued shares, plus a roughly $3.75 billion friends-and-family tranche.</p><h2>How SpaceX IPO was lapped up by institutional and retail investors</h2><p>Out of the 4.3 per cent of the company that was offered in the IPO, SpaceX initially targeted roughly 30 per cent retail participation. However, demand reshaped the allocation, and up to 80 per cent of the offered shares eventually went to institutional investors. So, out of the $75 billion offered, a little over 20 per cent went to retail investors, worth an estimated $16-17 billion, while up to 80 per cent went to institutional investors, estimated about $59 billion, according to reports.</p><p>The offering was oversubscribed by 3.5 to 4 times the $75 billion sought. Retail orders reportedly exceeded $100 billion, making it the biggest IPO debut for retail investors in recent memory.</p><p>The institutional investors included pension funds, mutual funds, sovereign wealth funds, hedge funds, asset managers and strategic investors. Retail investors used platforms such as Robinhood, Fidelity, Charles Schwab, SoFi and E-Trade.</p><p>Priced at $135, the stock opened at $150, up 11 per cent, briefly rose more than 30 per cent, and closed its first day at $160.95, up about 19.2 per cent.</p><p><a href="https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523/embed">https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523/embed</a></p><h2>What percentage does Musk own now in SpaceX?</h2><p>Musk's SpaceX stake, worth around $1 trillion, remained up to five times more valuable than all the shares sold to the public in the IPO combined. Even after becoming a public company, he likely retained near-effective control because of his large equity stake and super-voting shares.</p><p>According to SpaceX's S-1 filing, submitted publicly on May 20 after a confidential April 1 draft, Musk will control 82.4 per cent of the voting power after the IPO, as confirmed in the S-1/A amendment filed on June 3. Some post-IPO reports put that voting power at 85 per cent. Either way, it means Musk has unassailable majority vote.</p><p>It is important to note that the listed SpaceX entity is no longer just the rocket company. After absorbing xAI and X in February 2026, the filing consolidated all three businesses. Therefore, the 42 per cent Musk ownership figure refers to the combined entity.</p><p>His voting control is significantly higher because of the dual-class share structure, with Class B shares carrying super-voting rights, typically 10 votes per share compared with one vote for Class A shares.</p><p>Also read: <a href="https://www.wionews.com/business-economy/failed-3-times-before-success-what-can-founders-learn-from-spacex-s-first-three-failures-1781345514081">Failed 3 times before success: What can founders learn from SpaceX's first three failures?</a></p><h2>If Elon Musk still owns 42 per cent of SpaceX, who owns the rest?</h2><p>It is important to note that the US Securities and Exchange Commission (SEC) requires companies to disclose only beneficial owners holding 5 per cent or more of a share class.</p><p>Every investor below that threshold, in this case most funds and all employees, is aggregated rather than itemised. The only other holders named in the filing with more than 5 per cent ownership are as follows:</p><p>Antonio Gracias, a board member since 2010, is the largest individual shareholder after Musk. He holds more than 503 million Class A shares, representing about a 7.3 per cent stake according to the S-1 filing.</p><p>Class B super-voting holders are strikingly few. Apart from Musk, they include SpaceX President and COO Gwynne Shotwell and Ira Ehrenpreis of DBL Partners. Ehrenpreis holds 564,650 Class B shares and 809,050 Class A shares. This structure keeps voting control firmly concentrated regardless of equity dilution.</p><p>Everyone else, including institutional and employee shareholders pre-IPO, are not individually broken out in the SEC filing.</p><h2>Either way, all SpaceX shareholders are richer now</h2><p>Major pre-IPO institutional investors of SpaceX include Andreessen Horowitz, DFJ Growth, Founders Fund of Peter Theil, Sequoia Capital, Valor Equity Partners, Thrive Capital, Alphabet, Baillie Gifford, D1 Capital Partners, Fidelity, Baron Capital, T. Rowe Price and 137 Ventures.</p><p>However, there is no uniformity in reporting regarding the percentage stakes these firms hold.</p><p>Alphabet, Google's parent company, is estimated to hold around 6-7.5 per cent, based on a $900 million investment made during the 2015 Series F round.</p><p>Founders Fund has been invested in SpaceX since 2008 and is estimated to hold about 1.5 per cent. However, some reports suggest that Fidelity, Founders Fund, Sequoia, Alphabet and Valor each hold stakes of 2 per cent or less.</p><p>Also read: <a href="https://www.wionews.com/world/spacex-just-made-history-1-8-trillion-ipo-is-the-biggest-listing-ever-1781284160310">SpaceX just made history! $1.8 trillion IPO is the biggest listing ever</a></p><p>SpaceX employees collectively hold an undisclosed share of the company. Notably, Donald Trump Jr., son of the US president, is among the shareholders through venture firm 1789 Capital.</p><p>All non-Musk shareholders combined may now own more than $1 trillion worth of SpaceX stock.</p><p>While there are discrepancies in the reporting, one thing is clear: the IPO created or expanded wealth for thousands of employees and investors simultaneously.</p>

SpaceX's IPO floated about 4.5 per cent of the company, but Musk retained roughly 42 per cent ownership and 82.4 per cent voting control. Who owns the rest, including major pre-IPO investors and employees?

In its blockbuster IPO on Friday (Jun 12), SpaceX sold roughly 555.6 million new Class A common shares at $135 apiece at a valuation of roughly $1.75 trillion, turning founder Elon Musk into a trillionaire. The IPO floated 4.3 per cent of SpaceX's equity. Musk's nearly 42 per cent stake and voting control were essentially untouched by the listing, as the IPO consisted mostly of newly issued shares rather than insiders cashing out. IPO sales came mainly from these newly issued shares, plus a roughly $3.75 billion friends-and-family tranche. How SpaceX IPO was lapped up by institutional and retail investors Out of the 4.3 per cent of the company that was offered in the IPO, SpaceX initially targeted roughly 30 per cent retail participation. However, demand reshaped the allocation, and up to 80 per cent of the offered shares eventually went to institutional investors. So, out of the $75 billion offered, a little over 20 per cent went to retail investors, worth an estimated $16-17 billion, while up to 80 per cent went to institutional investors, estimated about $59 billion, according to reports. The offering was oversubscribed by 3.5 to 4 times the $75 billion sought. Retail orders reportedly exceeded $100 billion, making it the biggest IPO debut for retail investors in recent memory. The institutional investors included pension funds, mutual funds, sovereign wealth funds, hedge funds, asset managers and strategic investors. Retail investors used platforms such as Robinhood, Fidelity, Charles Schwab, SoFi and E-Trade. Priced at $135, the stock opened at $150, up 11 per cent, briefly rose more than 30 per cent, and closed its first day at $160.95, up about 19.2 per cent. https://www.wionews.com/videos/musk-vows-to-reach-mars-as-spacex-makes-wall-street-debut-1781284346523/embed What percentage does Musk own now in SpaceX? Musk's SpaceX stake, worth around $1 trillion, remained up to five times more valuable than all the shares sold to the public in the IPO combined. Even after becoming a public company, he likely retained near-effective control because of his large equity stake and super-voting shares. According to SpaceX's S-1 filing, submitted publicly on May 20 after a confidential April 1 draft, Musk will control 82.4 per cent of the voting power after the IPO, as confirmed in the S-1/A amendment filed on June 3. Some post-IPO reports put that voting power at 85 per cent. Either way, it means Musk has unassailable majority vote. It is important to note that the listed SpaceX entity is no longer just the rocket company. After absorbing xAI and X in February 2026, the filing consolidated all three businesses. Therefore, the 42 per cent Musk ownership figure refers to the combined entity. His voting control is significantly higher because of the dual-class share structure, with Class B shares carrying super-voting rights, typically 10 votes per share compared with one vote for Class A shares. Also read: Failed 3 times before success: What can founders learn from SpaceX's first three failures? If Elon Musk still owns 42 per cent of SpaceX, who owns the rest? It is important to note that the US Securities and Exchange Commission (SEC) requires companies to disclose only beneficial owners holding 5 per cent or more of a share class. Every investor below that threshold, in this case most funds and all employees, is aggregated rather than itemised. The only other holders named in the filing with more than 5 per cent ownership are as follows: Antonio Gracias, a board member since 2010, is the largest individual shareholder after Musk. He holds more than 503 million Class A shares, representing about a 7.3 per cent stake according to the S-1 filing. Class B super-voting holders are strikingly few. Apart from Musk, they include SpaceX President and COO Gwynne Shotwell and Ira Ehrenpreis of DBL Partners. Ehrenpreis holds 564,650 Class B shares and 809,050 Class A shares. This structure keeps voting control firmly concentrated regardless of equity dilution. Everyone else, including institutional and employee shareholders pre-IPO, are not individually broken out in the SEC filing. Either way, all SpaceX shareholders are richer now Major pre-IPO institutional investors of SpaceX include Andreessen Horowitz, DFJ Growth, Founders Fund of Peter Theil, Sequoia Capital, Valor Equity Partners, Thrive Capital, Alphabet, Baillie Gifford, D1 Capital Partners, Fidelity, Baron Capital, T. Rowe Price and 137 Ventures. However, there is no uniformity in reporting regarding the percentage stakes these firms hold. Alphabet, Google's parent company, is estimated to hold around 6-7.5 per cent, based on a $900 million investment made during the 2015 Series F round. Founders Fund has been invested in SpaceX since 2008 and is estimated to hold about 1.5 per cent. However, some reports suggest that Fidelity, Founders Fund, Sequoia, Alphabet and Valor each hold stakes of 2 per cent or less. Also read: SpaceX just made history! $1.8 trillion IPO is the biggest listing ever SpaceX employees collectively hold an undisclosed share of the company. Notably, Donald Trump Jr., son of the US president, is among the shareholders through venture firm 1789 Capital. All non-Musk shareholders combined may now own more than $1 trillion worth of SpaceX stock. While there are discrepancies in the reporting, one thing is clear: the IPO created or expanded wealth for thousands of employees and investors simultaneously.

<p>SpaceX's IPO floated 4.3 per cent of the company, but Musk retained roughly 42 per cent ownership and 82.4 per cent voting control. Who owns the rest, including major pre-IPO investors and employees?</p>

SpaceX after IPO: Musk became a trillionaire, but who all own what percentage of the company? Why we may never know

<p>As SpaceX moves closer to a public listing, new details reveal how Elon Musk is likely to retain and in some ways increase his control over the company.</p><p>According to the company’s IPO filing, Musk will continue to hold a dominant position even after SpaceX becomes a publicly traded firm, raising important questions for future investors.&nbsp;</p><h2><strong>Musk’s control will remain above 50%</strong></h2><p>Even after the IPO, Musk is expected to retain more than 50 per cent of voting power, ensuring that he remains in full control of key decisions.</p><p>He will continue to serve as CEO, CTO and chairman, giving him authority across both management and governance.</p><p>This means Musk will be able to:</p><p>Appoint board members</p><p>Approve major decisions</p><p>Maintain long-term strategic direction</p><p>In practical terms, this structure makes it difficult for shareholders to influence company decisions.</p><h2><strong>Dual-class shares strengthen voting power</strong></h2><p>SpaceX uses a dual-class share structure, where certain shares carry higher voting rights.</p><p>Musk holds a large portion of these super-voting shares, giving him far greater influence than regular shareholders.</p><p>Public investors will mainly receive Class A shares, which come with lower voting power. This creates a gap between ownership and control.</p><p>Such structures are already used by companies like Google and Meta, but experts say SpaceX’s model goes further in concentrating power.</p><h2><strong>Limits on shareholder rights</strong></h2><p>The IPO filing outlines several restrictions on shareholder influence.</p><p>The company states that investors may have limited ability to:</p><p>Influence corporate decisions</p><p>Challenge management legally</p><p>Elect directors independently</p><p>&nbsp;</p><p>In addition, SpaceX has structured its legal framework in a way that makes shareholder lawsuits more difficult.</p><p>For example, investors would need to hold at least 3 per cent of shares to file certain types of legal claims. At current valuation estimates, this could require tens of billions of dollars in holdings.</p><h2><strong>Texas incorporation adds legal protection</strong></h2><p>SpaceX has chosen to incorporate in Texas, which offers a different regulatory environment compared to states like Delaware.</p><p>The company has also included provisions that direct most legal disputes to specific courts or arbitration systems.</p><p>Experts say this reduces the likelihood of legal challenges against management decisions.</p><h2><strong>Stock market dynamics may support valuation</strong></h2><p>The company is expected to be added quickly to major stock indexes such as the Nasdaq 100 after listing.</p><p>This could lead to increased demand from institutional investors, as index funds are required to buy shares of companies included in these benchmarks.</p><p>As a result, early trading may see strong demand, which could support the stock price in the initial phase.</p><h2><strong>Additional financial advantages for Musk</strong></h2><p>Musk has also been granted a compensation package that includes 1 billion additional shares, tied to long-term performance goals.</p><p>Even before these shares fully vest, he is allowed to:</p><p>Vote using these shares</p><p>Use them as collateral for loans</p><p>This provides financial flexibility and additional influence over the company.</p><h2><strong>What this means for investors</strong></h2><p>The SpaceX IPO offers an opportunity to invest in one of the world’s most valuable private companies. However, the structure means that public shareholders will have limited control. Investors may benefit from the company’s growth, but decision-making will remain concentrated with Musk.</p><h2><strong>What happens next</strong></h2><p>Further details about pricing and share allocation are expected closer to the IPO date.</p><p>The listing is likely to attract strong interest from global investors, but attention will remain on how the company balances growth with governance.</p><p>The SpaceX IPO highlights a broader trend in technology companies, where founders retain strong control even after going public.</p>

As SpaceX moves closer to a public listing, new details reveal how Elon Musk is likely to retain and in some ways increase his control over the company.


As SpaceX moves closer to a public listing, new details reveal how Elon Musk is likely to retain and in some ways increase his control over the company. According to the company’s IPO filing, Musk will continue to hold a dominant position even after SpaceX becomes a publicly traded firm, raising important questions for future investors. Musk’s control will remain above 50% Even after the IPO, Musk is expected to retain more than 50 per cent of voting power, ensuring that he remains in full control of key decisions. He will continue to serve as CEO, CTO and chairman, giving him authority across both management and governance. This means Musk will be able to: Appoint board members Approve major decisions Maintain long-term strategic direction In practical terms, this structure makes it difficult for shareholders to influence company decisions. Dual-class shares strengthen voting power SpaceX uses a dual-class share structure, where certain shares carry higher voting rights. Musk holds a large portion of these super-voting shares, giving him far greater influence than regular shareholders. Public investors will mainly receive Class A shares, which come with lower voting power. This creates a gap between ownership and control. Such structures are already used by companies like Google and Meta, but experts say SpaceX’s model goes further in concentrating power. Limits on shareholder rights The IPO filing outlines several restrictions on shareholder influence. The company states that investors may have limited ability to: Influence corporate decisions Challenge management legally Elect directors independently In addition, SpaceX has structured its legal framework in a way that makes shareholder lawsuits more difficult. For example, investors would need to hold at least 3 per cent of shares to file certain types of legal claims. At current valuation estimates, this could require tens of billions of dollars in holdings. Texas incorporation adds legal protection SpaceX has chosen to incorporate in Texas, which offers a different regulatory environment compared to states like Delaware. The company has also included provisions that direct most legal disputes to specific courts or arbitration systems. Experts say this reduces the likelihood of legal challenges against management decisions. Stock market dynamics may support valuation The company is expected to be added quickly to major stock indexes such as the Nasdaq 100 after listing. This could lead to increased demand from institutional investors, as index funds are required to buy shares of companies included in these benchmarks. As a result, early trading may see strong demand, which could support the stock price in the initial phase. Additional financial advantages for Musk Musk has also been granted a compensation package that includes 1 billion additional shares, tied to long-term performance goals. Even before these shares fully vest, he is allowed to: Vote using these shares Use them as collateral for loans This provides financial flexibility and additional influence over the company. What this means for investors The SpaceX IPO offers an opportunity to invest in one of the world’s most valuable private companies. However, the structure means that public shareholders will have limited control. Investors may benefit from the company’s growth, but decision-making will remain concentrated with Musk. What happens next Further details about pricing and share allocation are expected closer to the IPO date. The listing is likely to attract strong interest from global investors, but attention will remain on how the company balances growth with governance. The SpaceX IPO highlights a broader trend in technology companies, where founders retain strong control even after going public.

<p>As SpaceX moves closer to a public listing, new details reveal how Elon Musk is likely to retain and in some ways increase his control over the company.</p>

'SpaceX IPO': How Elon Musk is set to strengthen control after listing

<p>Elon Musk could become the world’s first trillionaire within the next 12 months as discussions about a possible SpaceX initial public offering (IPO) gain momentum. Recent media reports indicated that SpaceX has begun preliminary steps in selecting investment banks to advise on a potential IPO which, if executed and valued highly, could be one of the largest in history. SpaceX is eyeing a valuation above $1 trillion for the IPO, with some reports suggesting that it could go up to $1.5 trillion.</p><h2>Investment bank “bake-off” starts, say report</h2><p>The Wall Street Journal reported that SpaceX has started a selection process known as 'bake-off with investment banks to pitch for advisory roles on a potential public listing. The bake-off suggests the space and internet company is considering formal IPO preparations.&nbsp;</p><p><a href="https://www.wionews.com/videos/elon-musk-s-trillion-dollar-spacex-riddle-1765429441145/embed">https://www.wionews.com/videos/elon-musk-s-trillion-dollar-spacex-riddle-1765429441145/embed</a></p><h2>CFO Bret Johnsen remains ambivalent about spacex ipo</h2><p>On December 12, SpaceX’s Chief Financial Officer Bret Johnsen told staff in a message that the company is preparing for an IPO as early as 2026. “If we execute brilliantly and the markets cooperate, a public offering could raise a significant amount of capital,” he said. However, he was ambivalent, saying that whether, when and at what valuation the IPO will occur “remains highly uncertain”.</p><p>News reports said the IPO could occur in 2026, potentially mid-year, but the timing is not guaranteed and would depend on market conditions or company strategy.&nbsp;</p><h2>SpaceX secondary share sale and valuation estimates and what Musk thinks about it</h2><p>Earlier, SpaceX approved a secondary share sale at approximately US $421 per share, which would place an implied private valuation at $800 billion if and when the transaction completes. Secondary share sale allows existing investors and employees to sell their stake.&nbsp;</p><p>Musk has earlier denied that SpaceX is raising new capital at an $800 billion valuation, saying &nbsp;it conducts periodic stock buybacks to provide liquidity to employees and investors rather than to secure fresh funding. He stated that reports claiming an $800 billion capital raise are “not accurate”.</p><p>Also read: <a href="https://www.wionews.com/world/spacex-to-offer-insider-shares-elon-musk-clarifies-amid-market-buzz-over-800b-valuation-1765090614016">SpaceX to offer insider shares? Elon Musk clarifies amid market buzz over $800B valuation</a></p><h2>Starlink internet services drive company value and could pave the way for trillionaire status for Musk&nbsp;</h2><p>SpaceX’s rapid expansion of its Starlink satellite internet service is a major factor in its growing private valuation, and there was even talk of Starlink becoming a separate company. Starlink traffic and customer growth have increased, which boosts the value of SpaceX potential IPO.</p><p>Musk’s net worth is around $600 billion, driven by his stakes in Tesla and SpaceX. A SpaceX IPO with a high valuation could help him become a trillionaire in the next 12 months, depending on the listing price and further performance of the stock.</p><p>Also read: <a href="https://www.wionews.com/business-economy/spacex-ipo-news-spacex-biggest-launch-could-be-on-stock-market-2026-ipo-to-value-elon-musk-s-firm-at-1-5-trillion-claims-report-1765347193049">SpaceX BIGGEST LAUNCH could be on stock market: 2026 IPO to value Elon Musk’s firm at $1.5 trillion, claims report</a></p><p>&nbsp;</p><h2>SpaceX : A story of more than two decades</h2><p>SpaceX , short for Space Exploration Technologies Corp., was founded by Musk in 2002, aimed at cutting space transportation costs and the eventual colonisation of Mars. Now perhaps the most important private space company, SpaceX is known for reusable rockets and contracts with NASA, as well as launching satellites and crewed missions that included private individuals as well as astronauts.&nbsp;</p>

Elon Musk could move closer to trillionaire status in 2026 as SpaceX reportedly moves ahead with plans for a potential IPO, with WSJ reporting an investment bank 'bake-off'. Here is what reports are saying

Elon Musk could become the world’s first trillionaire within the next 12 months as discussions about a possible SpaceX initial public offering (IPO) gain momentum. Recent media reports indicated that SpaceX has begun preliminary steps in selecting investment banks to advise on a potential IPO which, if executed and valued highly, could be one of the largest in history. SpaceX is eyeing a valuation above $1 trillion for the IPO, with some reports suggesting that it could go up to $1.5 trillion. Investment bank “bake-off” starts, say report The Wall Street Journal reported that SpaceX has started a selection process known as 'bake-off with investment banks to pitch for advisory roles on a potential public listing. The bake-off suggests the space and internet company is considering formal IPO preparations. https://www.wionews.com/videos/elon-musk-s-trillion-dollar-spacex-riddle-1765429441145/embed CFO Bret Johnsen remains ambivalent about spacex ipo On December 12, SpaceX’s Chief Financial Officer Bret Johnsen told staff in a message that the company is preparing for an IPO as early as 2026. “If we execute brilliantly and the markets cooperate, a public offering could raise a significant amount of capital,” he said. However, he was ambivalent, saying that whether, when and at what valuation the IPO will occur “remains highly uncertain”. News reports said the IPO could occur in 2026, potentially mid-year, but the timing is not guaranteed and would depend on market conditions or company strategy. SpaceX secondary share sale and valuation estimates and what Musk thinks about it Earlier, SpaceX approved a secondary share sale at approximately US $421 per share, which would place an implied private valuation at $800 billion if and when the transaction completes. Secondary share sale allows existing investors and employees to sell their stake. Musk has earlier denied that SpaceX is raising new capital at an $800 billion valuation, saying it conducts periodic stock buybacks to provide liquidity to employees and investors rather than to secure fresh funding. He stated that reports claiming an $800 billion capital raise are “not accurate”. Also read: SpaceX to offer insider shares? Elon Musk clarifies amid market buzz over $800B valuation Starlink internet services drive company value and could pave the way for trillionaire status for Musk SpaceX’s rapid expansion of its Starlink satellite internet service is a major factor in its growing private valuation, and there was even talk of Starlink becoming a separate company. Starlink traffic and customer growth have increased, which boosts the value of SpaceX potential IPO. Musk’s net worth is around $600 billion, driven by his stakes in Tesla and SpaceX. A SpaceX IPO with a high valuation could help him become a trillionaire in the next 12 months, depending on the listing price and further performance of the stock. Also read: SpaceX BIGGEST LAUNCH could be on stock market: 2026 IPO to value Elon Musk’s firm at $1.5 trillion, claims report SpaceX : A story of more than two decades SpaceX , short for Space Exploration Technologies Corp., was founded by Musk in 2002, aimed at cutting space transportation costs and the eventual colonisation of Mars. Now perhaps the most important private space company, SpaceX is known for reusable rockets and contracts with NASA, as well as launching satellites and crewed missions that included private individuals as well as astronauts.

<p>Elon Musk could move closer to trillionaire status in 2026 as SpaceX reportedly moves ahead with plans for a potential IPO, with WSJ reporting an investment bank 'bake-off'. Here is what reports are saying</p>

Elon Musk to be first trillionaire in next 12 months? Banks to pitch in SpaceX IPO ‘bake-off’, say reports

<p>A Bloomberg report has claimed that Elon Musk’s space company SpaceX could be valued at $1.5 trillion, the biggest ever in IPO history, if and when it launches on the stock market in 2026. The report on Tuesday (Dec 9), citing unnamed insiders, claimed that SpaceX is raising more than $30 billion from the IPO, which is likely to come either in the middle of or late 2026.</p><h2>What did the report say on the SpaceX IPO?</h2><p>The Bloomberg report pegged the fundraising amount significantly more than $30 billion as speculated earlier, targeting a valuation of about $1.5 trillion for the entire company. That would place SpaceX near the market value of Saudi Aramco at the time of its record 2019 listing, when the oil giant raised $29.4 billion at a $1.7 trillion valuation. The report said the IPO could shift to 2027 based on market conditions. Proceeds of the IPO would be used to develop space-based data centres, including purchasing the chips required to run them, it said.</p><p>Also read: <a href="https://www.wionews.com/world/spacex-to-offer-insider-shares-elon-musk-clarifies-amid-market-buzz-over-800b-valuation-1765090614016">SpaceX to offer insider shares? Elon Musk clarifies amid market buzz over $800B valuation</a></p><h2>SpaceX financials are solid</h2><p>The report suggested that SpaceX may generate about $15 billion in revenue in 2025, rising to between $22 billion and $24 billion in 2026, mostly its satellite-internet service Starlink. In a current secondary offering, employees are being allowed to sell around $2 billion worth of stock at a per-share price of roughly $420. That implied a valuation above the $800 billion mark for the company.</p><p><a href="https://www.wionews.com/videos/spacex-megarocket-most-powerful-launch-vehicle-ever-loud-cheers-for-musk-1756264425620/embed">https://www.wionews.com/videos/spacex-megarocket-most-powerful-launch-vehicle-ever-loud-cheers-for-musk-1756264425620/embed</a></p><p>Earlier reports had valued SpaceX at about $800 billion based on insider share sales, but the new Bloomberg-led figure of $1.5 trillion applies specifically to the targeted IPO valuation.<br>As of now, SpaceX or Musk have not confirmed or denied the Bloomberg report, and all details of the IPO in the report remain based on unnamed insiders.</p><p>Also read: <a href="https://www.wionews.com/trending/russian-cosmonaut-oleg-artemyev-kicked-off-iss-mission-for-snooping-on-spacex-tech-in-california-1764821040754">Russian cosmonaut with 560 days of space time kicked off ISS mission for taking photos of SpaceX tech: Report</a></p><h2>What did Musk say about SpaceX valuation?</h2><p>Musk has previously said that an $800 billion valuation figure from secondary share sales was “not accurate”, though he acknowledged the existence of the share-sale structure. He has not commented on the latest reported $1.5 trillion IPO valuation.</p><p>Musk has said that SpaceX has been cash-flow positive for years and that employee share buybacks have occurred roughly every two years without requiring external fundraising. He has also been historically reluctant to take SpaceX public, as he prefers focusing on long-term projects like Mars colonisation rather than responding to shareholder pressures.&nbsp;</p><p>The details of the SpaceX listing remain speculative, and the timeline, structure and valuation could change depending on regulatory issues and market conditions.</p>

Elon Musk's SpaceX is planning a 2026 IPO targeting a $1.5 trillion valuation, which could be a world record, according to a Bloomberg report. The timing, valuation and structure remain unconfirmed and may shift based on market conditions. Here is what the reports are saying


A Bloomberg report has claimed that Elon Musk’s space company SpaceX could be valued at $1.5 trillion, the biggest ever in IPO history, if and when it launches on the stock market in 2026. The report on Tuesday (Dec 9), citing unnamed insiders, claimed that SpaceX is raising more than $30 billion from the IPO, which is likely to come either in the middle of or late 2026. What did the report say on the SpaceX IPO? The Bloomberg report pegged the fundraising amount significantly more than $30 billion as speculated earlier, targeting a valuation of about $1.5 trillion for the entire company. That would place SpaceX near the market value of Saudi Aramco at the time of its record 2019 listing, when the oil giant raised $29.4 billion at a $1.7 trillion valuation. The report said the IPO could shift to 2027 based on market conditions. Proceeds of the IPO would be used to develop space-based data centres, including purchasing the chips required to run them, it said. Also read: SpaceX to offer insider shares? Elon Musk clarifies amid market buzz over $800B valuation SpaceX financials are solid The report suggested that SpaceX may generate about $15 billion in revenue in 2025, rising to between $22 billion and $24 billion in 2026, mostly its satellite-internet service Starlink. In a current secondary offering, employees are being allowed to sell around $2 billion worth of stock at a per-share price of roughly $420. That implied a valuation above the $800 billion mark for the company. https://www.wionews.com/videos/spacex-megarocket-most-powerful-launch-vehicle-ever-loud-cheers-for-musk-1756264425620/embed Earlier reports had valued SpaceX at about $800 billion based on insider share sales, but the new Bloomberg-led figure of $1.5 trillion applies specifically to the targeted IPO valuation. As of now, SpaceX or Musk have not confirmed or denied the Bloomberg report, and all details of the IPO in the report remain based on unnamed insiders. Also read: Russian cosmonaut with 560 days of space time kicked off ISS mission for taking photos of SpaceX tech: Report What did Musk say about SpaceX valuation? Musk has previously said that an $800 billion valuation figure from secondary share sales was “not accurate”, though he acknowledged the existence of the share-sale structure. He has not commented on the latest reported $1.5 trillion IPO valuation. Musk has said that SpaceX has been cash-flow positive for years and that employee share buybacks have occurred roughly every two years without requiring external fundraising. He has also been historically reluctant to take SpaceX public, as he prefers focusing on long-term projects like Mars colonisation rather than responding to shareholder pressures. The details of the SpaceX listing remain speculative, and the timeline, structure and valuation could change depending on regulatory issues and market conditions.

<p>Elon Musk's SpaceX is planning a 2026 IPO targeting a $1.5 trillion valuation, which could be a world record, according to a Bloomberg report. The timing, valuation and structure remain unconfirmed and may shift based on market conditions. Here is what the reports are saying<br>&nbsp;</p>

SpaceX BIGGEST LAUNCH could be on stock market: 2026 IPO to value Elon Musk’s firm at $1.5 trillion, claims report

<p>The Founder &amp; CEO of SpaceX, Elon Musk, refuted the reports claiming that his rocket and satellite maker SpaceX is seeking a valuation of $800 billion through a share sale. In a post on X, Musk noted that SpaceX has generated positive cash flow for many years and conducts share buybacks twice annually.</p><p>&nbsp;</p><p>“There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate,” Elon Musk said in a post on his social media platform X. “SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” he said.</p><p>&nbsp;</p><p>“Valuation increments are a function of progress with Starship and Starlink and securing global direct-to-cell spectrum that greatly increases our addressable market. And one other thing that is arguably most significant by far,” he added.</p>

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">There has been a lot of press claiming <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a> is raising money at $800B, which is not accurate. <br><br>SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors.<br><br>Valuation increments are a…</p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1997399963509150089?ref_src=twsrc%5Etfw">December 6, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<p>Musk's response came after the news came to light following the sources hinting to Bloomberg News that SpaceX is gearing up to offer insider shares in a deal that will value the firm at almost $800 billion. The report also indicated that the sale would enable some employees and investors to liquidate part of their stake.</p><h3>SpaceX to Offer Insider Shares?</h3><p>Earlier, on December 5, a source told Bloomberg News that SpaceX is reportedly preparing a new insider shares sale in a transaction that would value Elon Musk’s rocket and satellite maker at more than OpenAI’s record-setting $500 billion valuation. Another source indicated that the proposed share price, above $400 per share, would place SpaceX’s valuation between $750 billion and $800 billion, though final terms are still subject to change.</p><p>&nbsp;</p><p>The board of the company discussed the tender offer on Thursday at its Starbase hub in Texas. If finalised, it would make SpaceX once again the most valuable privately held company in the world, surpassing the past record of $500 billion that ChatGPT owner OpenAI set in October.</p><p>&nbsp;</p><p>Meanwhile, the valuation marks a sharp jump in the company from July, when shares were priced at $212 each during a funding round that valued the company at $400 billion. As the world’s leading rocket operator, SpaceX continues to dominate the aerospace sector with its Falcon 9 missions that regularly send satellites and astronauts to orbit.</p>

Elon Musk's response came after the news came to light that SpaceX is gearing up to offer insider shares in a deal that will value the firm at almost $800 billion. The report also indicated that the sale would enable some employees and investors to liquidate part of their stake.

The Founder & CEO of SpaceX, Elon Musk, refuted the reports claiming that his rocket and satellite maker SpaceX is seeking a valuation of $800 billion through a share sale. In a post on X, Musk noted that SpaceX has generated positive cash flow for many years and conducts share buybacks twice annually. “There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate,” Elon Musk said in a post on his social media platform X. “SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” he said. “Valuation increments are a function of progress with Starship and Starlink and securing global direct-to-cell spectrum that greatly increases our addressable market. And one other thing that is arguably most significant by far,” he added.

<p>Elon Musk's response came after the news came to light that SpaceX is gearing up to offer insider shares in a deal that will value the firm at almost $800 billion. The report also indicated that the sale would enable some employees and investors to liquidate part of their stake.</p>

SpaceX to offer insider shares? Elon Musk clarifies amid market buzz over $800B valuation

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