The richest man in the world could more than double his $460.6 billion fortune if SpaceX succeeds in going public next year at a valuation of $1.5 trillion. SpaceX is moving forward with an insider share sale that values Elon Musk ’s rocket and satellite maker at about $800 billion, setting up what could be the largest initial public offering of all time. In a company message seen by Bloomberg on Friday, SpaceX said it’s preparing for a possible public offering in 2026 that would be aimed at funding an “insane flight rate” for its developmental Starship rocket, artificial intelligence data centres in space and a base on the moon. The per-share price of $421 in its latest secondary offering, laid out by chief financial officer Bret Johnsen in the memo to shareholders, is nearly doub
SpaceX IPO could make Elon Musk an almost instant trillionaire
The Times of India9 hrs ago
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