How Elon Musk could begin this weekend as the world's first trillionaire
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Elon Musk could cross the trillion-dollar net worth threshold over the weekend as the highly anticipated initial public offering (IPO) of his aerospace and tech conglomerate, SpaceX, goes to market.Musk's jump into trillionaire territory is driven by the sheer scale and projected valuation of the SpaceX offering. Specific factors fueling this milestone include:Massive SpaceX Valuation: The IPO raised $75 billion by selling 555.6 million shares at $135 each, valuing the company overall at $1.77 trillion.Musk's Equity: Musk owns roughly 42% of SpaceX outright and has 350 million exercisable stock options. At the $135 share price, his SpaceX holdings alone amount to about $690 billion.The Tesla Baseline: Musk's remaining net worth is propped up by his massive stake in Tesla (TSLA) and other ventures, which add approximately $279 billion to his fortune
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