The world’s biggest IPO is about to come, and it will be brought to the market by the world’s richest man, Elon Musk. According to reports, Musk is preparing to launch an IPO for his company SpaceX, which will be one of the largest initial public offerings in history. It is believed that this issue may be launched next year, after which Elon Musk’s net worth may double.
SpaceX’s valuation will reach this level
According to a Bloomberg report, Elon Musk’s aerospace company SpaceX is planning to raise $30 billion (about ₹2.7 lakh crore) next year. Through this IPO, the company’s valuation can reach $1.5 trillion. However, no official statement has yet come from Elon Musk’s company SpaceX regarding this IPO plan.
Elon Musk is currently the number 1 richest person
The report says that SpaceX’s entry into Wall Street will further increase Elon Musk’s already huge wealth. According to Bloomberg Billionaires Index, the net worth of Elon Musk, who is at number one in the list of world’s top billionaires, is $465 billion. His wealth increased by $4.46 billion in just 24 hours.
What benefit will Elon Musk get?
The money that SpaceX will raise through IPO will go directly to the company, not to Elon Musk. However, according to reports, Elon Musk owns almost half of the shares of SpaceX, so his net worth will increase significantly. At a valuation of $1.5 trillion, Elon Musk’s stake in SpaceX alone would be worth more than $625 billion, according to the Bloomberg Wealth Index, compared to its current value of about $136 billion.
SpaceX is continuously expanding
Elon Musk’s company SpaceX is continuously expanding its business. It has captured a large share of the astronautics and satellite launch market, while its Starlink constellation of micro-satellites has transformed the company into a major Internet service provider. The funds raised through IPO can help the company achieve its ambitious goals.
Talking about major investors in Musk’s SpaceX, it has attracted big companies like Google’s parent company Alphabet and financial powerhouse Fidelity Investments. According to PitchBook, the company has raised more than $10 billion in funding to date, and every time it has sought funding, demand from potential investors has far outweighed the available shares.
