As SpaceX IPO nears, traders think it's a near-certainty Musk becomes the first trillionaire

Traders are confident Elon Musk will reach trillionaire status before 2027 after buzz that SpaceX is set to have a record-shattering initial public offering.

Chances of Musk becoming the world's first trillionaire were timid when the markets first opened on Kalshi. But those chances started trickling upwards last fall, when Musk surpassed the $500 billion in net worth mark in October and hit an over $700 billion milestone in December after the Delaware Supreme Court restored Tesla stock options that were previously struck down by a lower court.

Now, the odds show an over 90% chance that Musk will be the world's first trillionaire before 2027. There's seven months left to see that possible record. Traders see roughly similar odds that Musk will be a trillionaire before 2028, placing a 93%.

On Friday, Musk also denied a Bloomberg report that SpaceX valuation was lowered on Friday, reaffirming that the rocket and satellite company will have a blockbuster IPO, comfortably dominating against other historic IPO deals. 

Traders are more certain Musk will reach trillionaire status than a possible merger with his other company, Tesla. Though, analysts like Dan Ives from Wedbush, do expect the companies to merge by next year. 

A combination of the two companies could make sense. Ives noted that Musk "wants to own and control more of the AI ecosystem," something a SpaceX-Tesla merger could facilitate.

SpaceX confidentially filed with the Securities Exchange Commission in April and is set to debut with Nasdaq early next month.

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