SpaceX announced an initial public offering (IPO) expected on June 12, according to a shareholder prospectus released Wednesday. The IPO targets a valuation of $1.75 trillion (£1.3 trillion), which would make it one of the world’s most valuable listed companies, the prospectus stated. [7]
Elon Musk, already the world’s richest person with a net worth exceeding $800 billion, is set to become the first trillionaire, analysts said. A report from business intelligence firm Informa Connect projected that Musk could achieve this milestone by 2027, driven by the growth of SpaceX, Tesla, and other ventures. [4]
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