SpaceX’s planned IPO is expected to generate large windfalls for Elon Musk, other key employees, and investors. Musk’s 6.4 billion SpaceX shares are estimated at $830 billion based on recent private-market trading, and his $290 billion in Tesla stock would bring his total to about $1.1 trillion. Bloomberg’s index currently estimates his net worth at $722 billion. SpaceX filed publicly for the IPO, with a roadshow likely starting June 4, pricing about a week later, and a Nasdaq debut on June 12 under ticker SPCX. The company seeks to raise up to $80 billion at a valuation near $2 trillion, with potential confirmation of a $1 trillion net worth if valuation exceeds $1.7 trillion. Other executives and directors also hold large stakes, and early investors may see paper gains exceeding $10 billion.
"Based on how SpaceX has traded recently on private markets, Barron's calculated the CEO's 6.4 billion shares are worth $830 billion. Add his $290 billon in Tesla stock, and he's now sitting on $1.1 trillion. For now, however, the Bloomberg Billionaires Index puts Musk's net worth at $722 billion, still plenty to make him with world's richest person."
"SpaceX filed publicly for the IPO on Wednesday. A roadshow will likely kick off on June 4. Pricing would follow a week after that, with a trading debut on the Nasdaq coming on June 12 under the ticker SPCX. The rocket, satellite, and AI company is seeking to raise up to $80 billion at a valuation that could near $2 trillion."
"If the company surpasses $1.7 trillion after going public, it would confirm Musk's $1 trillion net worth. The riches don't stop there. SpaceX stock holdings owned by Chief Operating Officer Gwynne Shotwell as well as Chief Financial Officer Bret Johnsen will be worth more than $1 billion each, according to the Financial Times."
"Meanwhile, big investors will be rewarded for their prescient bets on SpaceX, which was started in 2002 to challenge the dominance of Boeing and Lockheed Martin in the space-launch market. Hedge fund Darsana Capital Partners first invested in SpaceX in 2019 and is such a staunch backer that 60% of its assets under management are tied up in Musk's company, sources told the Wall Street Journal. The IPO could result in Darsana seeing paper gains on its investment above $10 billion."
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