SpaceX Prepares for Public Stock Market Listing That Could Make Musk World's First Trillionaire

SpaceX, the private rocket company founded and led by Elon Musk, is preparing for a partial public stock market listing with trading set to begin on June 12. Until now, ownership has been limited to Musk and select wealthy private institutions. UK retail investors alone are expected to be allocated approximately £1.5 billion worth of shares, and major investing platforms report a surge in interest from prospective buyers, including first-time investors. The company's prospectus frames its mission as making life multiplanetary and extending human consciousness to the stars, but analysts note that SpaceX's valuation is increasingly tied to its artificial intelligence ambitions rather than rocketry alone. The listing is widely expected to make Musk the world's first trillionaire, though critics have characterized the move as an ego-driven gamble. The IPO also raises significant questions about the concentration of economic and political power among a small number of US technology conglomerates. Pension fund exposure means many ordinary investors may become indirect shareholders regardless of whether they actively participate in the offering.