SpaceX IPO filing could make Elon Musk world's first trillionaire, CNBC reports
By
TOBIAS HOLCMAN
Hot, fresh, and worth queueing round the block for.
Summary
Elon Musk is poised to become the world's first trillionaire following a CNBC report that SpaceX plans an IPO at $135 per share, selling 555.6 million shares to raise approximately $75 billion. An additional 83.33 million shares would be available to initial investors, while Musk would retain 82% voting control in the company.
Key quotes
· 3 pulledElon Musk is set to become the world's first trillionaire after a Thursday report by CNBC said he plans to offer SpaceX shares at a fixed price of $135 in an initial public offering (IPO).
SpaceX plans to sell 555.6 million shares during its future IPO, which would represent some $75 billion in funds raised.
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.
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