Elon Musk to become the world’s first trillionaire
SpaceX plans to raise up to $75 billion in its public debut, a move that could lift Elon Musk’s net worth above $1 trillion, analysts said.
- Space Exploration Technologies Corp. plans to list on the Nasdaq under the symbol SPCX, pricing its upcoming IPO at $135 a share for a valuation of about $1.77 trillion. The offering, expected next week, aims to raise up to $75 billion.
- SpaceX CEO Elon Musk holds a stake in the rocket maker worth $866.5 billion on paper, positioning him to become the world's first trillionaire. Following the offering, Musk will maintain 82.4% voting control of the company.
- The IPO prospectus details ambitious goals including colonizing Mars with at least 1 million inhabitants, while citing potential AI revenue of up to $26.5 trillion. Compensation milestones link Musk's rewards to achieving a $7.5 trillion market cap.
- This listing serves as a major test for public markets after years of muted activity. IDC analyst Arnal Dayaratna noted SpaceX's chatbot Grok is "less impressive than anything that we see from any other major player."
- Wedbush Securities analyst Dan Ives expects Tesla and SpaceX to merge next year. Musk faces a 366-day lock-up period before he can reduce his ownership interest in the company.
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SpaceX plans biggest stock market debut ever — and it could make Elon Musk world's first trillionaire
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
Elon Musk set to become world's first trillionaire with SpaceX IPO worth $1.77 trillion
An additional 83.33 million shares would be available to purchase at the fixed rate after the first IPO by the initial investors, while Musk would keep 82% voting control in the company.
With SpaceX's IPO, Elon Musk sets new standards. But the most spectacular number could ultimately affect his own assets.
SpaceX's stock market release brings Elon Musk closer to being the first billionaire in history. The aerospace and AI company founded by the South African has announced its intention to jump into the parquet with a valuation of $1.77 trillion, or 1.52 billion euros. In which it would be the largest operation of this kind in history, the placement of Musk's shares will allow him a leap in his enormous fortune, which today is estimated at $726 bil…
With an estimated fortune of 970 billion dollars (about 892 billion euros), Elon Musk approaches the historical threshold of 1,000 billion dollars. Powered by the valuation of SpaceX and Tesla, the...
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