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By Chris Isidore, CNN

Elon Musk at a forum at the John F Kennedy Center for the Performing Arts in Washington, DC on 19 November, 2025.

SpaceX officially revealed its plans to go public, which would catapult Elon Musk's already world-leading wealth to even greater heights.

The blockbuster IPO could bring in massive amounts of money for what's now dominant private-sector space company. And it could make Musk the world's first trillionaire.