\u201cIt\u2019s completely life changing,\u201d an anonymous source who invested in SpaceX nearly 20 years ago told me. While she\u2019s made many successful investments, this single bet could increase her net worth 20 fold. \u201cI didn\u2019t think I\u2019d be a billionaire,\u201d she added.<\/p>\n
SpaceX is expected to list on the Nasdaq<\/a> in June, and the company\u2019s valuation could exceed $2 trillion<\/a>, making it the largest company ever to go public.<\/p>\n SpaceX is expected to list on the Nasdaq in June, and the company\u2019s valuation could exceed $2 trillion, making it the largest company ever to go public. REUTERS<\/p>\n \u201cNo one\u2019s seen anything like this before,\u201d Justin Fishner-Wolfson, a partner at 137 Ventures and one of SpaceX\u2019s earliest outside investors told me.<\/p>\n While Fishner-Wolfson declined to disclose his fund\u2019s total investment in SpaceX, he has said 137 Ventures\u2019s investment will be north of $10 billion on the public market.\u00a0<\/p>\n When the San Francisco-based 137 Ventures launched in 2010, the firm raised just $50 million for its first fund.<\/p>\n The anonymous early investor told me she\u2019s already hired someone to run her newly created family office, which manages her investment portfolio, and sold her Manhattan apartment. She\u2019s scoping out property in Palm Beach and spending more of her time in Florida so she won\u2019t be on the hook for New York taxes.<\/p>\n Analysts say the IPO for Elon Musk\u2019s (above) SpaceX won\u2019t just be a boon to the luxury market, it will also spur innovation, just as the original PayPal sale did in 2002. REUTERS<\/p>\n Dozens, if not hundreds, of investors and employees are in a similar situation.<\/p>\n \u201cThere are going to be a lot of single family offices that come out of this IPO,\u201d said Cindy Scholz, who founded the Family Office Division at Compass and has several clients who are SpaceX investors. Family offices have already grown 25% over the last five years, and she expects to see that number skyrocket in the coming months thanks in part to SpaceX.\u00a0<\/p>\n Scholz, who works with ultra-high-net-worth families, said her clients who are expecting a windfall are already setting up trusts, building multi-state real estate portfolios, hiring security teams and interviewing chiefs of staff to train their household employees.<\/p>\n \u201cSpaceX as a liquidity event is going to spawn 10-15 unicorns over the coming years. It is creating a category and a ripple effect of so many other people in the space,\u201d Dan Ives (not pictured) said. AFP via Getty Images<\/p>\n \u201cThis kind of wealth comes with a lot of responsibility,\u201d she told me.<\/p>\n Scholz also believes the SpaceX windfall will accelerate the exodus from California<\/a>.<\/p>\n \u201cPeople are moving to low-tax states because of the enormous amount of money you save \u2026 but they\u2019re also thinking through all the logistics \u2014 you don\u2019t want to buy a $50 million house now that fire insurance is so hard to get.\u201d<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/09\/NYNEXT_Small.png\")
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