New Delhi, June 12 (IANS). Elon Musk’s company Space With this, Musk has come closer to becoming the world’s first trillionaire.
According to Bloomberg Billionaires Index, after the listing of SpaceX, Elon Musk’s wealth has increased to about $ 971 billion. There has been an increase of 274 billion dollars in the last 24 hours. Since the beginning of this year, his wealth has increased by $351 billion.
Elon Musk-led aerospace and satellite company Space It is being said to be the biggest IPO in history. The company is trading under the ticker symbol ‘SPCX’.
Regulatory filings show Musk owns 849.49 million Class A shares and 5.57 billion Class B shares, totaling about 6.42 billion shares.
Because of SpaceX’s dual-class share structure, Musk holds about 85 percent of the company’s voting power; Class B shares carry ten votes per share, while Class A shares carry one vote.
Launched in 2002, Space
The company has also expanded rapidly through its satellite internet business, Starlink, which has become a major contributor to earnings growth and increased investor interest.
Market experts believe that this listing will prove to be a turning point for the public market. Analysts hope that this successful listing will encourage other big technology and private companies to launch public offerings in the coming months.
–IANS
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