SpaceX files for IPO that could make Elon Musk a trillionaire
SpaceX has announced plans for an initial public offering (IPO) that could significantly increase Elon Musk's wealth. The IPO is expected to be the largest in Wall Street history, potentially making Musk a trillionaire. The filing reveals SpaceX's financial state, including substantial revenue and losses, as well as ongoing legal challenges.
- ▪SpaceX is planning an IPO that could start next month under the ticker symbol SPCX.
- ▪The company is valued at $1.25 trillion, with Musk's shares potentially worth over $600 billion.
- ▪SpaceX reported $18.6 billion in revenue last year but had a net loss of $4.9 billion.
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SpaceX files for IPO that could make Elon Musk a trillionaire21 minutes agoShareSaveAdd as preferred on GoogleLily JamaliNorth America Technology Correspondent, San FranciscoGetty ImagesElon Musk's SpaceX has revealed its plans to go public in the US, allowing people to trade shares in the firm on the stock market.SpaceX makes rockets, offers a satellite internet service called Starlink, and also owns Musk's controversial artificial intelligence (AI) firm xAI.The initial public offering (IPO) on the US stock market is set to be the largest in Wall Street history and could start next month under the ticker symbol SPCX.Because of the shares he will own in SpaceX, the IPO could make billionaire Musk, who is already the world's richest person, a trillionaire.SpaceX values itself at $1.25tn,…
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