Elon Musk is set to become the world’s first trillionaire. SpaceX is set to list on the stock market next month. The company has set a target IPO price of $856 billion based on its potential valuation. SpaceX has informed the stock market about this.
Experts estimate that the company’s value will exceed $1.77 trillion through the IPO offering. This will be a record for any IPO. The company will issue 555,555,555 shares. Each will be priced at $135. SpaceX stock is currently in high demand. Elon Musk has acquired 42% equity in SpaceX. At an IPO price of $135 per share, the total value of the equity shares will be $856.5 billion.
Elon Musk, on the other hand, owns 717 million Tesla shares. Tesla is currently worth $420 per share. Musk’s total stake in Tesla would be worth $301.1 billion. Combining SpaceX’s $866 billion stake and Tesla’s $301 billion stake, Musk’s stake in the two companies would be worth $1.168 trillion. That doesn’t include Neural Networks’ stake. SpaceX’s final share price is expected to be set on June 11. It will start trading on Nasdaq the next day.
