00:01Elon Musk's space exploration company SpaceX has filed preliminary paperwork to sell shares to the public, according to multiple reports.
00:10The initial public offering would likely rank as the biggest ever and could make Musk the world's first trillionaire.
00:17Exactly how much the SpaceX IPO plans to raise has not been disclosed, but the figure is reportedly as much
00:24as $75 billion.
00:26The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion,
00:34nearly double what the company was valued in December when some minority owners sold their stakes, according to research firm
00:40PitchBook.
00:43Musk owns 42% of SpaceX now, according to PitchBook, though that figure will change with the IPO when new
00:49owners are issued shares.
00:50He's likely to pierce the trillion-dollar mark because he's already close.
00:55Forbes magazine estimates Musk's net worth at roughly $823 billion.
01:00The survey viewed as a collection of the ship's equivalent
01:01at $360 million as a market share.
Comments