Elon Musk could become world’s 1st trillionaire
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“They've been the best company I've ever worked with in 45 years,” EchoStar president and cofounder Charlie Ergen said of SpaceX.
The Wall Street Journal has put Elon Musk's $970 billion fortune into human terms, and the math is impossible to wrap your head around.
Elon Musk plans a $75 billion IPO for SpaceX, with a fixed price of $135 per share. The move aims to fund space travel and AI investments, despite SpaceX's current financial losses.
SpaceX is preparing for the largest stock market debut in history, announcing Wednesday that it planned to raise approximately $75 billion in an initial public offering that would value the company at roughly $1.
SpaceX is reportedly driving a hard bargain with financial institutions ahead of what could become the largest IPO in history — even as bankers stand to pocket a sweet half-billion-dollar payday. Elon Musk’s space and artificial intelligence conglomerate is negotiating to pay less than 0.
The market has already minted a baker’s dozen of trillion-dollar companies, but Wall Street may soon witness an even stranger situation: One entrepreneur’s personal fortune rivals — or even exceeds — the value of the world’s largest public company That possibility no longer sounds far-fetched to billionaire investor Ron Baron.
Elon Musk Net Worth: Elon Musk's estimated net worth has reached around $970 billion, bringing him closer than anyone else in history to becoming the world's first trillionaire. Much of his wealth is tied to his stakes in SpaceX and Tesla,
Elon Musk continues to hold the title of the world's richest person by a wide margin. In May, Musk added $53 billion to his fortune.