SpaceX makes Musk worldās 1st trillionaire: Will his net worth sustain?
Elon Muskās net worth is tied mainly to these two companies - SpaceX and Tesla. (AI image) SpaceX IPO bags Musk the trillionaire status Ahead
Elon Muskās net worth is tied mainly to these two companies - SpaceX and Tesla. (AI image) SpaceX IPO bags Musk the trillionaire status Ahead of the listing, Elon Musk shared how he was himself doubtful about the success of the company when it was founded in 2002. āIt is certainly hard to believe that a little company that started in a warehouse in El Segundo is now the largest IPO ever. I gave SpaceX less than a 10% chance of succeeding at all, to be clear.
In fact, I told people, look, we're probably gonna fail, but you know, we should give it a try,ā he said. The road to being a trillionaire Elon Muskās net worth is tied mainly to these two companies - SpaceX and Tesla. Company stock and performance-linked rewards make up most of his net worth rather than actual cash gains. So on paper, Musk has become a trillionaire, not in cash terms. Can Musk sustain it? SpaceX continues to require significant capital.
A large share of its valuation is linked to projects and technologies that could take several years, or even decades, to generate any meaningful commercial returns. Valuation concerns for SpaceX Despite overwhelming investor demand and a planned $75 billion fundraising that would value SpaceX at about $1.77 trillion, several market experts have questioned whether the pricing is justified. Despite losses, investor demand has remained exceptionally strong. Institutional funds and retail investors alike have shown a willingness to back the company, supporting a $75 billion fundraising through the sale of 555.6 million shares.
Oppenheimer became the first major brokerage to initiate coverage of SpaceX ahead of its listing. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)
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