SpaceX IPO Could Enrich Multiple U.S. Officials; Listing Set for Next Week at $750B+ Target

According to Bloomberg and U.S. media reports on June 3, at least 10 American government officials hold financial interests in SpaceX or its merged AI company xAI, with combined holdings valued between $9.9 million and $43.8 million. SpaceX is set to begin trading as early as next week, which could significantly increase the net worth of these officials.

The company plans to issue approximately 556 million shares with a target fundraising of over $750 billion, positioning it as the largest IPO in U.S. history with a post-listing valuation target of $1.75 trillion. Paul McKinney, Chief Information Officer of the Department of Interior and former SpaceX software engineer, holds the largest individual stake valued at $5-25 million. Other officials with disclosed holdings include Presidential Envoy Steven Wittkoff and Small Business Administration Director Kelly Loeffler, each with $1-5 million in related assets.