SpaceX IPO creates trillion-dollar Musk stake and billionaire shareholders
By
Kai Nicol-Schwarz
Summary
SpaceX's record-breaking IPO has boosted Elon Musk's personal stake to over $1 trillion, while also minting thousands of new millionaires and creating billion-dollar stakes for other shareholders. The company's public debut saw shares surge 37% above the $135 offering price, though cooling sentiment has pared some gains. The article details the major winners from SpaceX's historic listing on public markets.
Source
bskySpaceX IPO creates trillion-dollar Musk stake and billionaire shareholderscnbc.comKey quotes
· 3 pulledSpaceX's record-breaking IPO boosted founder and CEO's Elon Musk's personal stake in the company to more than $1 trillion.
The IPO also minted thousands of new millionaires — and saw stakes of some shareholders surpass the billion-dollar mark.
SpaceX's debut week on the public markets has seen investors scramble to buy into Musk's lofty ambitions for the company, but cooling sentiment has pared some of those gains over the past couple of days.
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