Elon Musk's net worth poised to sail past $1 trillion in SpaceX IPO
Based on SpaceX's updated IPO prospectus, Elon Musk owns shares in the company worth over $866 billion.
TL;DR
- SpaceX's IPO prospectus values Elon Musk's stake at $866.5 billion, with the company aiming for a $1.77 trillion valuation.
- Musk's Tesla stock holdings are worth approximately $355 billion, with potential for over $100 billion more from options.
- After the IPO, Musk will retain over 82% voting control of SpaceX but must hold shares for one year.
- SpaceX links Musk's compensation rewards to achieving a $7.5 trillion market cap and colonizing Mars.
- Musk's net worth is currently listed at $826 billion by Forbes, significantly higher than other wealthy individuals.