Musk’s Lieutenants Set for Billion-Dollar Fortunes on SpaceX IPO

SpaceX’s upcoming IPO is all but guaranteed to make the world’s richest man a trillionaire, but Elon Musk isn’t the only one to see enormous fortunes created from the highly anticipated public offering.

Several of his key lieutenants, including SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen, will be billionaires if the rocket and AI company prices at a valuation of $2 trillion, a target previously reported by Bloomberg.

A SpaceX Falcon 9 reusable rocket booster on display outside the company’s facilities in Hawthorne, California.

Photographer: Ethan Swope/Bloomberg

Still, their fortunes will be dwarfed by Musk’s, who has concentrated ownership and voting power in SpaceX. At the $2 trillion valuation, Shotwell’s roughly $2 billion ...