Kathmandu. Elon Musk may soon become the world’s first trillionaire. Musk’s rocket and satellite company SpaceX is preparing to list on the US stock market. That could be the biggest IPO in Wall Street history.
After SpaceX’s listing, Musk’s net worth could exceed $ 1 trillion. According to the Forbes Billionaires List, Musk is currently the richest person in the world with a net worth of $ 807 billion.
Releasing first-hand details about the company’s finances and leadership, SpaceX on Wednesday unveiled its plans to list it under the ticker symbol SPCX.
SpaceX estimates its valuation at $1.25 trillion. This valuation means that Musk’s majority stake in SpaceX could exceed $600 billion. With his current wealth and this listing, Musk’s net worth could exceed $1 trillion.
Last year, Musk became the first person in the world to surpass the $500 billion net worth. He is also the CEO of electric vehicle company Tesla.
The IPO filing reveals SpaceX’s leadership and ownership structure for the first time. Musk is the company’s chairman. –Agency
