SpaceX plans to raise up to $75 billion in an IPO that would be the largest ever and could make Elon Musk a trillionaire
Summary
SpaceX plans to sell shares to the public this month, aiming to raise up to $75 billion. This would make it the biggest stock market debut ever and value the company at about $1.77 trillion, potentially making Elon Musk the world’s first trillionaire.Key Facts
- SpaceX will offer 555.6 million shares at $135 each in its public stock sale.
- The company’s estimated market value after the sale is $1.77 trillion.
- Only six companies in the S&P 500 have a higher value, with Nvidia valued at $5.2 trillion.
- Elon Musk is the CEO, chief technical officer, and chairman of SpaceX.
- Musk owns 5.22 billion Class B shares, which each have 10 votes, giving him 82.4% of the voting power.
- The IPO would be the largest ever for any company.
- The public offering is planned to happen this month.
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