Elon Musk will become the world’s first trillionaire! SpaceX IPO created history, bumper surge overnight

Elon Musk SpaceX IPO: Elon Musk is close to becoming the world’s first trillionaire. His company SpaceX has created history by launching the world’s largest IPO. With the launch of this IPO, he is now just $29 billion away from becoming the world’s first trillionaire. This amount of $1 trillion is so huge that it will be bigger than the entire economy (GDP) of many developed countries like Taiwan, Sweden, Ireland and Singapore.

During this period his wealth has increased by 274 billion dollars. If seen, in a way this is more than the lifetime earnings of India’s Adani and Ambani. SpaceX has raised $75 billion from its IPO, which has also destroyed Saudi Aramco’s record of $29.4 billion in 2019. According to the data, SpaceX has issued 55.56 crore shares in the market at a price of $ 135 per share.

If most of this stock is sold, the IPO has the potential to reach $86 billion. This value could increase further if the underwriters exercise their option to sell additional shares within the next 30 days. Musk announced the IPO in his signature style, filing the required documents with the US Securities and Exchange Commission before the market closed.

What is the valuation of SpaceX?

Let us tell you that based on the price of this IPO, the market cap of SpaceX has been estimated at $ 1.77 trillion. If stock options and remaining stake are included in it, its total valuation is approximately $1.8 trillion. With its trillion dollar valuation, SpaceX has registered its name among the largest public companies in the world. Now this company has become much bigger than Elon Musk’s other company Tesla.

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How much is Elon Musk worth?

According to Bloomberg Billionaires Index, after the IPO, Elon Musk’s net worth is $ 274 billion. His total wealth has now increased to $971 billion and he is now very close to becoming the first trillionaire.

According to media reports, the IPO of Elon Musk’s company SpaceX has received a tremendous response in the market. Retail investors have placed orders worth more than $100 billion. However, 30% shares have been reserved for common investors. It is being said that Elon Musk’s popularity has played an important role in this.