Elon Musk has added another company to the trillioneaire club. The billionaire recently merged his AI startup XAI with his rocket company SpaceX, boosting SpaceX’s valuation to $1.25 trillion. This makes it the 11th most valuable company in the world, joining Tesla in Musk’s growing empire.
Merger Details and Valuation
The merger combines Musk’s space exploration and AI ventures under a single umbrella. Reports indicate that SpaceX is preparing for an IPO in the coming months, which could value the company at $1.75 trillion, potentially making it the largest IPO in history. For comparison, the previous record was held by Saudi Aramco, which raised $29 billion in 2019.
Global Rankings of Most Valuable Companies
Currently, the world’s most valuable publicly listed companies are:
- NVIDIA – $4.519 trillion
- Alphabet (Google) – $4.163 trillion
- Apple – $3.968 trillion
- Microsoft – $3.143 trillion
- Amazon – $2.597 trillion
- Meta Platforms – $1.786 trillion
- TSMC – $1.770 trillion
- Saudi Aramco – $1.647 trillion
- Tesla – $1.582 trillion
- Broadcom – $1.569 trillion
- SpaceX – $1.25 trillion
IPO Timeline and Expectations
Media reports suggest that SpaceX CFO Bret Johnson has been in discussions with existing investors regarding the IPO since December last year. The company is reportedly aiming for a June 2026 IPO, coinciding with Elon Musk’s birthday on June 28. Major banks such as Bank of America, Goldman Sachs, JP Morgan Chase, and Morgan Stanley are expected to lead the IPO.
SpaceX is known for rocket launches and satellite manufacturing, and this strategic merger with XAI positions it at the forefront of both aerospace and artificial intelligence innovation.
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