Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk is on the verge of becoming the world’s first trillionaire as his space venture SpaceX’s blockbuster initial public offering pushed his estimated fortune to within $29 billion of the historic milestone.
SpaceX IPO Drives Musk’s Wealth To Nearly $1 Trillion
SpaceX’s IPO is priced at $135 per share, dramatically increasing the value of Musk’s stake in the aerospace company.
Musk’s holdings in SpaceX are now worth about $688 billion, helping lift his overall net worth to approximately $971 billion, Business Insider reported, citing Bloomberg estimates.
Before the IPO, pricing was announced on Thursday, Musk’s net worth was at $696 billion.
