Is Elon Musk’s SpaceX Really Worth $1.75 Trillion?
Later this week, Elon Musk’s SpaceX is expected to issue stock to investors in what is shaping up to be the biggest initial public offering ever. The company has said it will issue 555,555,555 shares at a price of $135, which would value it at about $1.75 trillion. Musk, who is already the world’s richest person thanks to his stake in Tesla, will own about forty-two per cent of SpaceX after the I.P.O., and he stands to become the world’s first trillionaire.