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The Independent UK

World

Joe Sommerlad

Where does Elon Musk’s phenomenal wealth come from?

Elon Musk SpaceX Tesla Inc. X Donald Trump IPO Africa South Africa

Elon Musk is on the cusp of becoming the world’s first trillionaire after SpaceX was expected to raise a record $75 billion in its initial public offering Thursday.

The rocket company, which Musk, 54, serves as chairman, CEO and chief technical officer, priced its IPO at $135 per share, which implies a $1.8 trillion market cap for the company, according to Forbes.

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

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