Elon Musk set to become world's first trillionaire with SpaceX IPO worth $1.77 trillion
Elon Musk is poised to become the world's first trillionaire due to the upcoming SpaceX IPO valued at $1.77 trillion. The IPO will offer an additional 83.33 million shares for purchase, while Musk will retain 82% voting control of the company. This significant financial milestone highlights Musk's influence in the aerospace industry.
- ▪Elon Musk is set to become the world's first trillionaire with the SpaceX IPO.
- ▪The IPO is valued at $1.77 trillion and will include 83.33 million shares available for purchase.
- ▪Musk will maintain 82% voting control in SpaceX after the IPO.
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Elon Musk set to become world's first trillionaire with SpaceX IPO worth $1.77 trillion An additional 83.33 million shares would be available to purchase at the fixed rate after the first IPO by the initial investors, while Musk would keep 82% voting control in the company.Follow us on Google A 3D-printed miniature model of Elon Musk and a SpaceX logo are seen in this illustration created on January 23, 2025.(photo credit: DADO RUVIC/REUTERS)
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Jerusalem Post | JPost.com.