economy
As SpaceX IPO nears, traders think it's a near-certainty Musk becomes the first trillionaire
With buzz about a record-shattering IPO for SpaceX, traders are confident Elon Musk will advance to trillionaire status before 2027.
TL;DR
- Traders are confident Elon Musk will become the world's first trillionaire before 2027.
- This confidence is driven by expectations of a record-shattering SpaceX initial public offering (IPO).
- Musk's net worth surpassed $500 billion in October and $700 billion in December.
- SpaceX confidentially filed with the SEC in April and is expected to debut on Nasdaq next month.
- Musk has denied reports of a lowered SpaceX valuation.
- Analysts suggest a potential merger between SpaceX and Tesla could be facilitated by Musk's desire to control more of the AI ecosystem.