Elon Musk isn’t the only person set to get richer when SpaceX goes public next week. According to a Bloomberg report, 10 Trump administration officials disclosed holding millions of dollars in stakes in SpaceX and xAI, Musk’s artificial intelligence company that SpaceX acquired earlier this year. Together, the officials held between $9.9 million and $43.8 million in assets tied to the two companies, according to their most recent public financial disclosures. Bloomberg notes that the officials may have sold some or all of those holdings since then without having to publicly disclose it. SpaceX IPO set to be Wall Street’s largest ever The report comes ahead of SpaceX’s highly anticipated IPO, which is expected to take place as soon as June 12. The company is reportedly planning to sell shares at $135 each, raising about $75 billion at a target valuation of roughly $1.75 trillion. If successful, it would be the biggest IPO in history and could put Musk closer to becoming the world’s first trillionaire. The massive size of the IPO has already pushed Wall Street to bend some of its rules to boost the company.
Paul McInerny, the chief information officer at the Department of the Interior, reported one of the biggest SpaceX-linked stakes among the officials named by Bloomberg, valued between $5 million and $25 million. McInerny previously worked as a SpaceX engineer. He joined the Interior Department during Musk’s final month leading the Department of Government Efficiency (DOGE), and received an ethics waiver instead of divesting from SpaceX.
