New details revealed in SpaceX IPO that could make Elon Musk a trillionaire
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- May 21, 2026
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Musk – who has a net worth of $807.5 billion, according to Forbes, making him by far the richest person in the world – has closely ruled over his tech empire, and SpaceX is no different.
He controls a whopping 85% of SpaceX’s voting power and is the largest shareholder, holding a vast trove of Class B shares, which get 10 votes for every single vote held by Class A shares.
Musk was already poised to land an unprecedented $1 trillion in compensation from his automaker Tesla if he meets a series of hard benchmarks. Similarly, the tech titan faces a series of lofty goals at SpaceX that will pay out big if achieved.
SpaceX founder Elon Musk with NASA astronauts at a post-launch news conference on March 2, 2019.
REUTERS
In January, SpaceX gave Musk a package worth 1 billion Class B shares that will vest if the company establishes “a permanent human colony on Mars with at least one million inhabitants.”
There are also rewards for hitting a $7.5 trillion market cap and building “non-Earth-based data centers.”
SpaceX’s eight-person board is full of Musk allies, while some of the firm’s independent directors are longtime investors who have made fortunes from his companies, according to the Journal.
The company’s paperwork revealed close intermingling between Musk’s businesses – and said it expects to “explore other areas of strategic collaboration with Tesla in the future.”
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