SpaceX is preparing for an initial public offering (IPO) that could significantly benefit Elon Musk and a select group of key shareholders. The IPO documents reveal that wealth generated from the listing will primarily flow to Musk and a few individuals with substantial stakes in the company. Among these are Antonio Gracias, founder of Valor Management, and Luke Nosek, co-founder of Gigafund, both of whom have longstanding ties with Musk and SpaceX. Gwynne Shotwell, SpaceX's President and COO, is also set to benefit significantly, having received a large grant of restricted stock units in 2025, bringing her total compensation to $85.8 million. Other notable figures include CFO Bret Johnsen and board members Ira Ehrenpreis and Randy Glein. While SpaceX has raised approximately $30 billion from hundreds of investors, the majority of the wealth from the IPO will be concentrated among a few major shareholders, with smaller stakes held by around 400 venture capital and institutional investors.