Elon Musk does not stop seizing opportunities and expanding his investments even within his own company and among his employees, as The Information newspaper revealed that he bought shares last year worth $1.4 billion from current and former SpaceX employees, when the company’s valuation was below $1 trillion.

And he did not stop there; the plans indicate that the company will go public this year, with a valuation that could reach $2 trillion, which may bring him huge gains.

Additional Benefits

According to the report, the share purchases were made through his trust fund, and were disclosed in a draft of the confidential IPO prospectus.

SpaceX also approved a plan that grants Musk an additional 60 million shares if the market value reaches $6.6 trillion, alongside carrying out an ambitious project to build data centers in space to support artificial intelligence.

The Largest IPO in History

SpaceX aims to raise about $75 billion from the offering, surpassing Saudi Aramco’s IPO, which raised $29 billion in 2019.

With a valuation exceeding $2 trillion, the company could become one of the largest globally, surpassing most S&P 500 companies, except for giants such as Nvidia, Apple, Alphabet, Microsoft, and Amazon.
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