Elon Musk's ownership stake in SpaceX has reached a paper value of more than $866 billion following the company's updated initial public offering filing, adding to the billionaire's already substantial holdings in Tesla and further cementing his position as the world's richest person.
The updated SpaceX prospectus published Wednesday valued the company at approximately $1.77 trillion based on an expected IPO price of $135 per share. According to the filing, Musk controls more than 82% of the company's voting power, CNBC reported. Added to his holdings in Tesla, he would become the world's first trillionaire.
