Elon Musk's SpaceX eyes historic stock market debut which could make him world's first trillionaire

New York Times - Home Page

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GB News - News

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He Spent 15 Years Amassing SpaceX Shares.

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Justin Fishner-Wolfson, long a minor figure in Elon Musk's orbit, is at the helm of a multibillion-dollar payout

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Elon Musk's space company SpaceX is set to make its stock market debut on Friday in what is expected to be the largest flotation on record.The company, formally known as Space Exploration Technologies Corp, is carrying a valuation of $1.8trillion (£1.3trillion) ahead of its planned listing on the Nasdaq.The offering is expected to further strengthen Mr Musk's position as the world's richest person.

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According to Forbes, his wealth stands at $826billion (£619billion), with his SpaceX stake alone estimated at $542billion (£406billion).

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TRENDING Stories Videos Your Say Final pricing will be confirmed after the close of US trading.The flotation consists of 555.6 million shares priced at $135 (£101) each, with SpaceX aiming to raise $75billion (£56.2billion).The company says the proceeds will support the deployment of 100,000 next‑generation Starlink satellites and the development of in‑orbit artificial intelligence data centres.Around 30 per cent of the shares have been allocated to retail...

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