Prediction: Elon Musk Will Become the World’s First Trillionaire on June 12th

Here's a prediction worthy marking connected the calendar: Tesla (NASDAQ:TSLA) CEO Elon Musk volition go the world's archetypal trillionaire connected June 12, the reported IPO day for SpaceX. The catalyst is casual to fig out: SpaceX's nationalist debut will, for the archetypal time, spot a continuously quoted marketplace worth connected the largest azygous constituent of Musk's nett worth.

The trillionaire threshold has been a decorativeness enactment cipher has crossed. Tesla presently carries a marketplace capitalization of $1.63 trillion, and the banal precocious changed hands astatine $442. Musk's astir 12% Tesla presumption unsocial doesn't get him to $1 trillion; the SpaceX IPO is what changes the math.

24/7 Wall St. covered the SpaceX S-1 filing successful item successful the 100 Year Plan nonfiction published connected May 21. The numbers successful that filing signifier the ground of this prediction.

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Pillar 1: The SpaceX Share Counts Are Enormous

The S-1 lays retired Musk's pre-IPO presumption plainly. He holds 849,494,440 Class A communal shares (12% of Class A) and 5,569,053,075 Class B communal shares (94% of Class B), with combined voting powerfulness of 85%. The filing besides confirms that SpaceX has applied to database connected Nasdaq and Nasdaq Texas nether the awesome "SPCX".

Class B shares transportation 10 votes per stock against 1 ballot for Class A, and the filing states that "Mr. Musk volition beryllium capable to power the result of matters requiring shareholder approval." SpaceX volition beryllium a controlled institution nether Nasdaq rules pursuing the offering.

Pillar 2: The Reported $2 Trillion Valuation

The wide reported people valuation for the SpaceX IPO is astir $2 trillion. Industry analysts estimation Musk's post-IPO economical ownership astatine 42% to 43% based connected stock counts disclosed successful the S-1, though the filing itself uses placeholder percentages due to the fact that last pricing has yet to beryllium set. At the reported target, that involvement would beryllium worthy $840 cardinal from SpaceX alone.