Each SpaceX Employee Poised for $1.5 Million Windfall Ahead of IPO... Musk Could Become World's First Trillionaire

Current Net Worth Estimated at Around $970 Billion
Employees Also Negotiating with Asset Management Firms

There are forecasts that if SpaceX successfully completes its initial public offering (IPO), Elon Musk, CEO of Tesla, could become the world's first "trillionaire."

Elon Musk, CEO of SpaceX and Tesla. Photo by Yonhap News Agency

The Wall Street Journal (WSJ) on June 2 (local time) calculated Musk’s net worth at approximately $970 billion.

This figure is based primarily on the value of Musk's stakes in SpaceX and Tesla. Before SpaceX goes public, Musk holds about 85.1% of the voting rights, with his shares in SpaceX valued at around $538 billion and his Tesla shares at about $167 billion. In addition, stock options from both companies amount to roughly $150 billion.

Reuters reported on the same day that SpaceX is pursuing an IPO with an offering price of $135 per share, aiming to raise $75 billion. If the plan proceeds as intended, SpaceX’s corporate valuation would reach $1.75 trillion. This would mark the largest IPO ever in terms of funds raised.

The Boring Company, a tunnel construction firm founded by Musk, and Neuralink, a brain–machine interface company, are each estimated to be worth about $5 billion. The value of Musk’s real estate, aircraft, and other investment assets is assessed at approximately $104 billion.

WSJ explained that if Musk’s wealth, accumulated since he co-founded his first company in 1995, is broken down by time, it equates to about $992 per second (approximately 1,508,832 won), $59,492 per minute (approximately 90,487,332 won), $3.6 million per hour (approximately 5,475,600,000 won), and $85.7 million per day (approximately 130,349,700,000 won). On an annual basis, this amounts to $31.3 billion (approximately 4,760,730,000,000 won).

In anticipation of the listing, around 1,000 former and current SpaceX employees have also initiated collective negotiations with asset management firms. SpaceX, which has actively used stock options and restricted stock units (RSUs) as compensation for employees, is expected to see many workers holding assets worth several million dollars once they are able to cash out their shares after the IPO.

According to Bloomberg, these employees are negotiating together to lower asset management fees from the usual 1% to 0.5% and to secure financial services aimed at high-net-worth individuals, such as securities-backed loans and tax-saving strategies.

This content was produced with the assistance of AI translation services.