Elon Musk is days away from potentially becoming the first person in history to hold a net worth exceeding $1 trillion (£793 billion), with his rocket and artificial intelligence company SpaceX set to begin trading on the Nasdaq on 12 June under the ticker symbol SPCX.
The company priced its initial public offering at $135 per share and plans to sell 555.6 million shares, raising approximately $75 billion (£59.5 billion), CNBC noted. That would make it the largest IPO in history, nearly three times the $25.6 billion (£20.3 billion) raised by Saudi Aramco in 2019. Goldman Sachs is leading the offering, with Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase also underwriting the deal.
