SpaceX's Upcoming IPO Could Propel Elon Musk to Trillionaire Status
SpaceX’s IPO could make Elon Musk a trillionaire
Image: Inquirer
SpaceX plans to raise up to $75 billion in its upcoming IPO, potentially valuing the company at $1.77 trillion and making Elon Musk the world's first trillionaire. The IPO will involve selling 555.6 million shares at $135 each, while Musk retains 82.4% of voting power through his Class B shares.
- 01SpaceX aims to raise $75 billion, surpassing Saudi Aramco's previous record of $26 billion.
- 02Elon Musk's net worth could increase by $223 billion, reaching a total of $1 trillion, following the IPO.
- 03The company reported a loss of $2.6 billion last year despite generating $18.7 billion in revenue.
- 04Musk's ambitious plans include establishing a permanent human colony on Mars.
- 05SpaceX's IPO is seen as a precursor to potential IPOs from AI companies like Anthropic and OpenAI.
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SpaceX, officially known as Space Exploration Technologies Corp., is set to launch an initial public offering (IPO) aiming to raise up to $75 billion, making it the largest IPO in history. The company plans to sell 555.6 million shares at $135 each, which would value SpaceX at $1.77 trillion. This valuation could make Elon Musk the world's first trillionaire, as it would increase his net worth by $223 billion, bringing it to $1 trillion. Musk holds 82.4% of the voting power through his Class B shares, despite SpaceX currently operating at a loss, having reported a $2.6 billion operational loss last year. The IPO prospectus outlines Musk's plans for interplanetary colonization, including establishing a permanent human colony on Mars. Additionally, the success of SpaceX is tied to its ambitions in artificial intelligence, with potential revenue from AI projected at $26.5 trillion. The company plans to utilize IPO proceeds to enhance its infrastructure and satellite constellation for Starlink Mobile. This IPO is anticipated to pave the way for future public offerings from AI firms like Anthropic and OpenAI.
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The IPO could significantly impact the stock market and investor sentiment, as it represents a major shift in IPO activity and valuation benchmarks.
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