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The Economic Times

Business

Veer Sharma

Elon Musk's net worth crosses $980 billion as blockbuster SpaceX IPO price set at $135

Elon Musk SpaceX IPO Tesla Inc.

The much-awaited SpaceX IPO, priced at $135 a share, values the company at about $1.8 trillion. The blockbuster valuation has added an estimated $188 billion to Elon Musk's fortune, lifting his net worth to roughly $982 billion, according to Forbes calculations, and putting him firmly on track to become the world's first trillionaire.

Most of Musk's fortune is now tied to SpaceX, where he holds a stake worth roughly $866 billion. Combined with his holdings in Tesla and other ventures, his net worth is expected to exceed $1.1 trillion when SpaceX begins trading on Friday, according to Forbes and Reuters calculations based on company filings.

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We Got This Covered

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Take care of your little ones!

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Sports Illustrated

One subscription that gives you access to news from hundreds of sites

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