IPO, SpaceX and Elon Musk
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Musk’s satellite and rocket giant is targeting going public at a $1.75 trillion valuation, multiple outlets reported Wednesday. That would make Musk the first member of the four-comma-club.
Elon Musk is worth an estimated $822.3 billion, making him the richest person on the planet. If SpaceX lists at the valuations currently being discussed, he could become the world’s first trillionaire.
The company said it will sell 555.6 million shares at $135 each in an initial public offering, giving it a market value of $1.77 trillion.
Democrats are sharpening their attacks against Elon Musk, zeroing in on his soon-to-be-trillionaire status before his company SpaceX’s initial public offering.
If Tesla and SpaceX merged—as is a reported possibility—then Elon Musk's combined entity would hold billions of dollars' worth of Bitcoin.
SpaceX, the space exploration company led by Elon Musk, disclosed in its IPO filing on Wednesday that it holds more than $1 billion in Bitcoin (CRYPTO: BTC) on its balance sheet. More Details About BTC’s Reserves The company disclosed 18,
What Elon Musk really wants out of the SpaceX I.P.O.: the funds to control the highly profitable earnings potential of low-Earth orbit.
The Wall Street Journal has put Elon Musk's $970 billion fortune into human terms, and the math is impossible to wrap your head around.