SpaceX advances Musk toward trillionaire status
SpaceX announced its intention to raise up to $75 billion through an initial public offering of its shares, which would make it the largest IPO in market history and position Elon Musk to become the world's first trillionaire. The company plans to issue 555.6 million shares at $135 each, with an estimated market valuation of $1.77 trillion, and without Musk selling any of his shares. The offering is expected to generate over $26 billion in proceeds, further boosting Musk's wealth, which is estimated to be around $825 billion.
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