SpaceX's $75 billion IPO could make Elon Musk the world's first trillionaire
By
Sam Corbishley
If you only eat one bagel today, this is the bagel.
Summary
Elon Musk's SpaceX is preparing for an IPO this month, aiming to raise up to $75 billion by selling 555.6 million shares at $135 each. This would give SpaceX a massive market valuation and potentially make Musk the world's first trillionaire, as Forbes currently values his net worth at $826 billion with his SpaceX stake alone at $542 billion. The stock market debut is being positioned as potentially the largest in history.
Key quotes
· 3 pulledElon Musk could be about to make history by becoming the world's first trillionaire.
His spaceflight company SpaceX is looking to raise up to $75 billion (£55 billion) when it goes public this month, setting the stage for the biggest ever stock market debut.
Forbes currently values Musk's net worth at $826 billion and his stake in SpaceX at $542 billion
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