Elon Musk is poised to become the world’s first trillionaire as SpaceX prepares for its stock market debut next week.
In a filing Wednesday, the aerospace company said it plans to raise a record $75 billion through its IPO, offering 555.6 million shares at $135 each.
Musk owns roughly 42% of SpaceX’s equity and controls about 82% of its voting power through a dual-class share structure, giving his stake a paper value of approximately $866.5 billion at the IPO price.
Traders predict a 96% chance Musk will become a trillionaire before 2027.
Elon Musk is poised to become the world’s first trillionaire as SpaceX prepares for its stock market debut next week.
In a filing Wednesday, the aerospace company said it plans to raise a record $75 billion through its IPO, offering 555.6 million shares at $135 each.
Musk owns roughly 42% of SpaceX’s equity and controls about 82% of its voting power through a dual-class share structure, giving his stake a paper value of approximately $866.5 billion at the IPO price.
Traders predict a 96% chance Musk will become a trillionaire before 2027.
