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Analysts say that one of the key reasons for Elon Musk's soaring wealth is the imminent IPO of SpaceX, with a market valuation expected to exceed $800 billion. Musk, who founded and owns 43% of the space company SpaceX, is expected to take it public in 2026, with a potential valuation of up to $800 billion or even higher. Once this is achieved, it will greatly increase Musk's personal wealth and may make him the world's first trillionaire.