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00:02SpaceX is set to go public Friday, and if the company hits its target valuation of $1.75 trillion,
00:09Elon Musk could become the world's first trillionaire, according to ABC News.
00:14Musk, whose net worth currently stands at about $780 billion,
00:18is expected to own roughly 40% of SpaceX shares after the IPO.
00:23The company targets a launch price of $135 per share, which would mark the largest IPO of all time.
00:30After the IPO, Musk could hold major stakes in two of the world's 10 largest companies by market cap, Tesla,
00:36and SpaceX,
00:37which together form the primary source of his wealth.
00:41Morningstar analyst Nicholas Owens pegged the stock's fair value at $63 per share.
00:46Musk cannot sell his SpaceX shares for one year after the IPO.
00:51Tesla shares have risen 90% over the past five years,
00:54beating the S&P 500's 71% gain, boosted in part by ventures like self-driving taxis and humanoid robotics.
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