Musk will be one step away from becoming the world's first trillionaire after SpaceX IPO - Bloomberg

The world's richest man, Elon Musk, could be one step away from becoming the world's first trillionaire - a man with a $1 trillion fortune - with the IPO of his private space company SpaceX, Bloomberg claims.

According to Reuters, SpaceX intends to set the offering price at $135 per share. In this case, the company will raise about $75 billion at a valuation of the entire business at $1.75 trillion - this will be the largest listing in history.

But Musk's fortune at this stock price will rise "only" to $988 billion, Bloomberg Billionaires Index calculations showed. Musk would be $12 billion short - or "one Steven Spielberg" - of $1 trillion, the agency said.

However, Musk can still achieve historic status - if SpaceX shares rise above the offering price at the first auction, which is expected on June 12, Bloomberg writes. The growth of quotations by only 2.2% - up to $138 per paper - will be enough, provided that the other conditions remain the same, the agency claims. SpaceX by the time of publication of this text has not officially announced the offering price or at least the price corridor for the IPO.

Musk's fortune is now estimated at $726 billion, according to the Bloomberg Billionaires Index. According to Forbes, the capital of the head of Tesla and SpaceX is $825.8 billion, follows from the Real-Time rating, which is updated in real time depending on the quotes.

This article was AI-translated and verified by a human editor