Musk may already be a trillionaire while these SpaceX employees and investors will hit multibillion-dollar jackpots after blockbuster IPO
Elon Musk may have already become the world's first trillionaire due to the anticipated IPO of SpaceX. The company is seeking to raise up to $80 billion, with a potential valuation nearing $2 trillion. Significant financial gains are expected for SpaceX employees and investors, with some set to become multibillionaires following the IPO.
- ▪SpaceX filed publicly for its IPO, aiming for a trading debut on June 12 under the ticker SPCX.
- ▪Musk's net worth could exceed $1 trillion if SpaceX's post-IPO valuation surpasses $1.7 trillion.
- ▪SpaceX has claimed over 80% of global rocket launches last year and has more than 10,000 Starlink satellites in orbit.
Opening excerpt (first ~120 words) tap to expand
The biggest initial public offering of all time will deliver massive windfalls for Elon Musk, other SpaceX employee, and investors.Recommended Video In fact, shares aren’t even public yet, but Musk may have already become the world’s first trillionaire. Based on how SpaceX has traded recently on private markets, Barron’s calculated the CEO’s 6.4 billion shares are worth $830 billion. Add his $290 billon in Tesla stock, and he’s now sitting on $1.1 trillion. For now, however, the Bloomberg Billionaires Index puts Musk’s net worth at $722 billion, still plenty to make him with world’s richest person. SpaceX filed publicly for the IPO on Wednesday. A roadshow will likely kick off on June 4.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
Discussion
0 commentsMore from Fortune
