Elon Musk Is A Stone's Throw Away From Becoming The World's First Trillionaire As SpaceX IPO Sends His Net Worth Soaring
View original at finance.yahoo.comElon Musk Is A Stone's Throw Away From Becoming The World's First Trillionaire As SpaceX IPO Sends His Net Worth Soaring Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below…
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Musk's fortune has climbed 163% over the past year, driven largely by SpaceX's soaring valuation
60% confidenceAt the time of SpaceX's public debut, Musk is expected to own roughly 39% of SpaceX's outstanding shares, potentially increasing by another 10% via performance-based vesting
60% confidenceMusk's net worth before IPO pricing was announced was $696 billion
60% confidenceMusk's SpaceX stake would need to gain another $29 billion, requiring SpaceX shares to climb from the IPO price of $135 to about $140.71 per share, for his net worth to reach the $1 trillion mark
60% confidenceMusk's holdings in SpaceX are now worth about $688 billion, helping lift his overall net worth to approximately $971 billion
60% confidenceMusk's ownership excludes 1.3 billion unvested restricted shares tied to performance conditions and 237,530 shares pledged as debt collateral; he also holds 350,000 exercisable stock options
60% confidence
Data points we hold from this source
| Elon Musk · market share | 39 percent |