As SpaceX IPO nears, traders think it's a near-certainty Musk becomes the first trillionaire
Traders are increasingly confident that Elon Musk will become the world's first trillionaire by 2027, with odds exceeding 90%. The upcoming SpaceX IPO is expected to be a significant event, with Musk denying reports of a lowered company valuation. Analysts suggest a potential merger between SpaceX and Tesla could further enhance Musk's control over the AI ecosystem.
- ▪Traders believe there is over a 90% chance Musk will become the first trillionaire before 2027.
- ▪Musk denied a report that SpaceX's valuation was lowered, affirming a strong IPO is on the horizon.
- ▪Analysts expect a merger between SpaceX and Tesla could happen by next year.
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Now, the odds show an over 90% chance that Musk will be the world's first trillionaire before 2027. There's seven months left to see that possible record. Traders see roughly similar odds that Musk will be a trillionaire before 2028, placing a 93%.On Friday, Musk also denied a Bloomberg report that SpaceX valuation was lowered on Friday, reaffirming that the rocket and satellite company will have a blockbuster IPO, comfortably dominating against other historic IPO deals. Traders are more certain Musk will reach trillionaire status than a possible merger with his other company, Tesla. Though, analysts like Dan Ives from Wedbush, do expect the companies to merge by next year. A combination of the two companies could make sense.
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