Setting Musk's Millions to Multiply
Elon Musk SpaceX is executing the largest ever Initial Public Offering (IPO) in history, raising approximately $75 billion at a 1.75 trillion valuation under the ticker “SPCX.” The historic public market debut introduces the combined entities of SpaceX, Starlink and the xAI Artificial Intelligence startup to everyday investors and will begin trading on the 12th of June 2026, on the Nasdaq, with the final price confirmed to 135$ a share.
While Elon Musk is expected to accomplish the achievement of attaining 1 trillion dollars and officially becoming the world’s first ever trillionaire, millions of people globally agree that it is not fair that Elon can have this amount of money, whilst some say that Musk has earnt the money and claim that he is righteous to own this major sum of money. However, form one perspective, for example, like the perspective of Mr M Walker from The Beacon School, Amersham. He says, “I think it’s often thought that somebody like Elon Musk is going to be sitting on a gigantic pile of gold, like the dragon Smaug in The Hobbit, and he’s sort of sitting on a huge pile of money. But that’s not true at all. What it is, he’s the owner and founder and majority shareholder of companies that are incredibly valuable. And there’s a reason why they’re incredibly valuable. It’s because they’re incredibly successful.” This shows his views on how it is fair that he can have so much money, as he has highly valued companies in his ownership.
Innovation is something that companies such as SpaceX, Nasa and other major industries also should and already focus on. If we focus more on the rockets and novelty side of things then these companies will attract more IPO’s and invent marvelous spacecraft for a future full of opportunities to ‘travel to space and beyond’ – credits to Christopher Nolan Interstellar. IT staff Cameron from The Beacon School, Amersham, says, “Definitely innovation. I think they should always prioritize that over profits because at the end of the day, profits are only benefiting themselves. The advancements they’re making on innovative technology benefit everyone.” This quote implies that profits are only acting as profits, they aren’t going to benefit most people because in every other sense the priority is to create spacecraft and serve the majority.
The historic SpaceX IPO is targeted to raise between 75 billion to 1.75 trillion dollars. It will completely reshape the space industry by flooding the aerospace sector with unprecedented capital, shifting focus toward orbital AI data centers, and forcing rival aerospace companies to adapt to public trade. “The Ukraine war was one example that the infrastructure was badly damaged and if it wasn’t for SpaceX, you could argue most of Ukraine would be without the internet” this quote from Mr Mirza explains the unprecedented role of commercial technology. When physical cables were destroyed and traditional cell towers were rendered inoperable, SpaceX rapidly supplied tens of thousands of portable satellite terminals. This bypassed damaged infrastructure, keeping the military, civilians, and hospitals connected.
In conclusion, SpaceX’s IPO filings outline a massive offer seeking 75 billion at the price of $135 per share and targeting a valuation of up to 1.77 trillion dollars. On the topic of Elon Musk having too much money, it is evident that he has earned all this wealth and that it is fair that he has such highly valued companies because of that. Innovation also seems like the way forward, as profits could only benefit SpaceX and Elon Musk.
Reported by Nisaja D, Eesa M and Aryan G