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Elon Musk poised for trillionaire status
SpaceX announced its intention to raise up to $75 billion through a initial public offering (IPO), making it the largest listing in stock market history and putting Elon Musk on the path to become the world's first trillionaire, as the company's market value reaches around $1.77 trillion. Musk will not sell any of his shares and will retain 82.4% of the voting rights. His net worth is estimated at approximately $825 billion, with SpaceX valued at about $542 billion. It is expected that this offering will surpass the $26 billion raised by Saudi Aramco during its 2019 IPO.
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