Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle

SpaceX’s potential IPO would likely reward Elon Musk and a small circle of insiders and early investors the most.

The company is reportedly considering raising about $75 billion at a $1.7 trillion valuation, making even modest stakes hugely valuable.

Musk’s dominant control and super-voting shares keep him at the center of any public-market windfall.

Board members, executives, and venture backers with large stakes could also see major gains, but the broader investor base would benefit less.