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Back|SpaceX Plans $75 Billion IPO, Potentially Making Elon Musk a Trillionaire

SpaceX Plans $75 Billion IPO, Potentially Making Elon Musk a Trillionaire

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Guardian International·6 sa önce·Business

SpaceX Plans $75 Billion IPO, Potentially Making Elon Musk a Trillionaire

1 dk okuma·%90 önem·158 kelime

#SpaceX#ElonMusk#IPO#stockmarket#SpaceExplorationTechnologiesCorp#Nvidia#S&P500#Tesla

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Guardian International

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Elon Musk is on course to become the world’s first trillionaire after SpaceX said it plans to raise up to $75bn when it goes public this month, setting the stage for the largest-ever stock market debut.

The company, formally known as Space Exploration Technologies Corp, said on Wednesday it will sell 555.6m shares at $135 apiece.

The offering would give SpaceX a market value of $1.77tn. Only six companies in the S&P 500 are currently worth more, with Nvidia topping the list at $5.2tn.

Musk – one of the world’s richest people – also leads Tesla, the electric carmaker. He isn’t selling any of his shares in the SpaceX offering, and would have 82.4% of the voting power in the company.

Forbes currently values Musk’s net worth at $825bn, and his stake in SpaceX at $542bn.

The Associated Press contributed reporting. More details soon …

This article was originally published by Guardian International.

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