Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state dinner with US President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, on May 14, 2026.
Evan Vucci | Reuters
Traders are confident Elon Musk will reach trillionaire status by 2027 following talk that SpaceX is set to make a record-breaking initial public offering.
When the market in Karshi first opened, Mr. Musk’s chances of becoming the world’s first millionaire were tepid. But his chances began to inch up last fall, after the Delaware Supreme Court reinstated Tesla stock options that had been previously revoked by a lower court, and Mr. Musk surpassed the $500 billion mark with a net worth of $500 billion in October and reached the $700 billion milestone in December.
Currently, the odds indicate that Mr. Musk has a more than 90% chance of becoming the world’s first trillionaire by 2027. There are seven months left to confirm that possible record. Traders say Musk has a similar chance of becoming a trillionaire by 2028, at 93%.
On Friday, Musk also denied a Bloomberg report that SpaceX’s valuation had been lowered on Friday and reaffirmed that the rocket and satellite company will have a major IPO, giving it a comfortable lead over other historic IPO deals.
Traders are more confident that Mr. Musk will reach trillionaire status than he is of a possible merger with another company. tesla. However, analysts like Wedbush’s Dan Ives expect the two companies to merge by next year.
A combination of the two companies may make sense. Ives said Musk wants “more ownership and control of the AI ecosystem,” and the SpaceX-Tesla merger could facilitate that.
SpaceX secretly filed with the Securities and Exchange Commission in April and plans to list on the Nasdaq early next month.
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