马斯克从 SpaceX 巨型 IPO 中几乎可以瞬间成为万亿富翁

⻢斯克从SpaceX巨型IPO中⼏乎可以瞬间成为万亿富翁 埃隆·⻢斯克摄影师：Stefani Reynolds/Bloomberg ByTom Maloney汤姆·⻢洛尼著 December 10, 2025 at 11:10 PM GMT+8Updated on更新于December 10, 2025 at 11:49 PM GMT+8 Translate翻译 The richest man in the world could more than double his $460.6 billion fortune ifSpaceXsucceeds in going public next year at a valuation of $1.5 trillion. 如果SpaceX明年成功上市，估值达到1.5万亿美元，世界⾸富有可能将其4606亿美元的财富增加⼀倍多。 Elon Musk’sstake in his space company alone would be worth more than $625 billion if thatwere to occur, according to calculations by theBloomberg Billionaires Index, up from $136billion today. That doesn’t include his multibillion-dollar stakes in a number of otherenterprises, including the world’s most valuable carmaker,Tesla Inc.微信公众号 404K微信公众号 404K 根据彭博亿万富翁指数的计算，马斯克在其太空公司的股份单独就将价值超过6250亿美元，⽽⽬前仅为1360亿美元。这还不包括他在包括全球最有价值汽车制造商特斯拉公司在内的多个其他企业中价值数⼗亿美元的股份。 His total fortune would be $952 billion, up about $491 billion from its current level, accordingto the calculations, which use a $1.5 trillion pre-money valuation for its estimate. 根据这些计算，他的总财富将达到9520亿美元，⽐⽬前⽔平增加约4910亿美元。该计算使⽤的是SpaceX 15万亿美元的融资前估值。 Musk and a representative for SpaceX didn’t respond to requests for comment. 马斯克和SpaceX的代表没有回应置评请求。 Read More:SpaceX Said to Pursue 2026 IPO Raising Far Above $30 Billion 延伸阅读：SpaceX据称计划2026年IPO融资远超300亿美元 An initial public offering opens up the second clear path for Musk to become the world’s firsttrillionaire, after last monthsecuringthe first 12-figure pay package at Tesla. ⾸次公开募股为马斯克成为世界⾸位万亿富豪打开了第⼆条清晰的道路，此前他上⽉刚在特斯拉获得了⾸份达到12位数的薪酬⽅案。 Musk owns roughly 42% of Starbase, Texas-based SpaceX, according to Bloomberg’s wealthindex, which uses filings from theFederal Communications Commissionand dilutionscalculations from recent funding rounds to estimate his stake.微信公众号 404K微信公众号 404K 根据彭博社财富指数，马斯克拥有位于德州星基地的SpaceX约42%的股份，该指数利⽤美国联邦通信委员会的备案⽂件和最近融资轮次的稀释计算来估算他的股份。 To measure the value of Musk’s current SpaceX stake, the index uses a December 2024 dealinvolving a $1.25 billion secondary sale at a nearly $350 billion valuation. It’s worth about $136billion after a liquidity discount used for private companies is applied. 为了衡量马斯克当前的SpaceX股份价值，该指数使⽤了2024年12⽉的⼀笔交易数据，涉及⼀笔13.5亿美元的⼆级市场交易，估值约为3500亿美元。在对私⼈公司适⽤的流动性折扣后，其价值约为1360亿美元。 Some SpaceX shares were sold in secondary transactions at a valuation of about$400 billionearlier this year, but that figure isn’t included since the amount of stock sold couldn’t bedetermined. Data provider Pitchbook calculated it at less than $50 million. 今年早些时候，⼀些SpaceX股份在⼆级交易中以约4000亿美元的估值成交，但由于⽆法确定出售股票的数量，该数据未被纳⼊。数据提供商Pitchbook计算出交易⾦额不⾜5000万美元。 Ambitious Goals雄⼼勃勃的⽬标 Musk’s path to becoming a trillionaire, whether it’s through Tesla or SpaceX, isn’t withoutchallenges. ⽆论是通过特斯拉还是SpaceX，马斯克成为万亿富翁的道路并⾮⼀帆风顺。 At Tesla, Musk’s pay package only vests as the company meets certain targets. The mostambitious goals include hitting a market value of $8.5 trillion, up from roughly $1.5 trillioncurrently, and adjusted earnings before interest, taxes, depreciation and amortization of $400billion, compared with less than $13 billion last year.微信公众号 404K微信公众号 404K 在特斯拉，马斯克的薪酬待遇包只有在公司达到特定⽬标时才会⽣效。最雄⼼勃勃的⽬标包括实现8.5万亿美元的市值（从⽬前的约1.5万亿美元上升），以及调整后的息税折旧摊销前收益达到4000亿美元，⽽去年还不到130亿美元。 Read More:Tesla Offers Elon Musk an Unprecedented $1 Trillion Pay Package 详细阅读：特斯拉为埃隆·马斯克提供前所未有的1万亿美元薪酬包 Tesla’s board justified the package by arguing it was needed to get the full attention of theirchief executive officer. 特斯拉董事会辩称，这⼀薪酬⽅案是必要的，以获得⾸席执⾏官的全部注意⼒。 At the same time, a $1.5 trillion IPO for SpaceX, where Musk is also CEO, would mean nearlymatching the record set bySaudi Aramcowhen it went public in 2019 at a $1.7 trillionvaluation. The oil giant pulled in revenue of about $360 billion the year before its listing.SpaceX is said to expect revenue of roughly $15 billion this year, Bloombergreported. 与此同时，Musk担任⾸席执⾏官的SpaceX若以1.5万亿美元上市，将⼏乎与沙特阿美2019年以1.7万亿美元估值上市创下的纪录相当。这家⽯油巨头在上市前⼀年的收⼊约为3600亿美元。据彭博社报道，SpaceX今年的预期收⼊约为150亿美元。微信公众号 404K微信公众号 404K Still, SpaceX has a track record of rapidly-growing valuations and plenty of investorenthusiasm. The company, which builds rockets and operates the Starlink satellite internetservice, is workingon a new dealthat will allow employees to sell around $2 billion worth ofstock at a valuation of more than $800 billion, Bloomberg reported. 尽管如此，SpaceX拥有快速增长估值的历史记录和充⾜的投资者热情。这家公司制造⽕箭并运营Starlink卫星互联⽹服务，⽬前正在进⾏⼀项新交易，允许员⼯以超过8000亿美元的估值出售约20亿美元的股票，彭博社报道。 If finalized, that would again make it the world’s most valuable private company after losingthat crown to OpenAI earlier this year, and add more than $180 billion to Musk’s net worth. 如果敲定的话，这将再次使SpaceX成为全球最有价值的私营公司，此前它在今年早些时候被OpenAI夺⾛了这⼀地位，并将为马斯克的净资产增加逾1800亿美元。 If Musk’s other paths to becoming a trillionaire don’t work out, he still hasxAI, which hit a$200 billion valuationin September. 如果马斯克通过其他途径成为万亿富豪的计划都不成功，他还有xAI，该公司在9⽉份的估值达到了2000亿美元。 — With assistance from Dylan Sloan —报道援助来⾃Dylan Sloan (Adds company response in fourth paragraph.)微信公众号 404K （在