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 projections that if SpaceX succeeds in its initial public offering (IPO), Elon Musk, CEO of Tesla, will become the world's first "trillionaire."

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

The Wall Street Journal (WSJ) calculated Musk's net worth at approximately $970 billion as of June 2, local time.

This figure is based primarily on the value of Musk's stakes in SpaceX and Tesla. Musk owns 85.1% of SpaceX's voting shares, and his pre-IPO stake in SpaceX is valued at about $538 billion, while his holdings in Tesla are estimated at $167 billion. In addition, stock options from both companies add another $150 billion to his net worth.

Reuters reported on the same day that SpaceX is planning to set its IPO offering price at $135 per share, aiming to raise $75 billion. If the plan proceeds as intended, SpaceX's corporate value would reach $1.75 trillion. This would also mark the largest IPO ever in terms of funds raised.

The Boring Company, a tunnel construction firm founded by Musk, and the brain-computer interface company Neuralink, were each estimated to be worth about $5 billion. Real estate, aircraft, and various other investment assets were valued at approximately $104 billion.

According to WSJ, if Musk's accumulated wealth since co-founding his first company in 1995 is broken down by time, he has earned $992 per second (about 1,508,832 won), $59,492 per minute (about 9,048,733 won), $3.6 million per hour (about 5,475,600,000 won), and $85.7 million per day (about 130,349,700,000 won). On an annual basis, this amounts to $31.3 billion (about 4,760,730,000,000 won).

With the IPO approaching, over 1,000 current and former SpaceX employees have begun collective negotiations with asset management firms. SpaceX has actively offered stock options and restricted stock units (RSUs) as part of its employee compensation packages. Once the company goes public and employees can convert their shares to cash, a significant number of them are expected to hold assets worth several million dollars.

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

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