SpaceX’s IPO is set to be the biggest ever and could make Elon Musk a trillionaire
Summary
SpaceX plans to raise up to $75 billion by selling shares in its initial public offering (IPO), which would make it the largest IPO ever. This move could increase Elon Musk’s wealth, potentially making him the world’s first trillionaire, as he holds the majority voting power in the company.Key Facts
- SpaceX will sell 555.6 million shares at $135 each in its IPO.
- The IPO values SpaceX at about $1.77 trillion.
- Elon Musk owns 5.22 billion Class B shares, giving him 82.4% of voting control in SpaceX.
- Musk’s current net worth is estimated at $826 billion, with a $542 billion stake in SpaceX.
- The expected $75 billion raised would surpass the $26 billion Saudi Aramco raised in 2019.
- SpaceX’s IPO filing includes plans to fund human missions to the moon and Mars.
- The document describes goals to build a permanent human colony on Mars with at least one million people.
- Other large tech companies like Anthropic are also preparing to go public soon.
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