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Is Elon about to become the world's first trillionaire?
Posted on 5/21/26 at 2:00 pm
Posted on 5/21/26 at 2:00 pm
quote:LINK
Elon Musk has revealed plans to float SpaceX in the US, paving the way for the largest stock market float in history set to make him a trillionaire.
The rocket, satellite and AI firm filed its highly anticipated prospectus with US regulators on Wednesday, which revealed SpaceX had chosen Nasdaq to make its debut under the ticker SPCX.
The filing with the Securities and Exchange Commission did not reveal the exact amount SpaceX was looking to raise.
That would put Musk on track to become the first trillionaire in history. The filing showed he will retain 85.1 per cent of the combined voting power of the company.
Even at a lower $1.25trillion valuation, Musk's majority ownership of SpaceX means his shares could be worth more than $600billion, bringing his total net worth to over $1trillion.
16
Posted on 5/21/26 at 2:02 pm to uggabugga
I remember Democrats saying he was in financial trouble after buying twitter lol.
Posted on 5/21/26 at 2:03 pm to LuckyTiger
The dims do so love to project lol
Posted on 5/21/26 at 2:04 pm to LuckyTiger
quote:
I remember Democrats saying he was in financial trouble after buying twitter lol.
I remember them saying that when his Tesla dealerships were getting firebombed by their demented cohorts.
Posted on 5/21/26 at 2:05 pm to uggabugga
Yes and SDV said he would years back
Posted on 5/21/26 at 2:06 pm to uggabugga
The world already has trillionaire’s. They’re just aren’t publicly disclosed because they have privately held wealth.
Posted on 5/21/26 at 2:06 pm to uggabugga
Yeah, SpaceX just speeds it up. He is on another level between Optimus and building his own chip fabrication facility to keep his companies supplied.
Posted on 5/21/26 at 2:28 pm to rebeloke
quote:
The world already has trillionaire’s. They’re just aren’t publicly disclosed because they have privately held wealth.
And largely criminally held. What is Putin worth?
Posted on 5/21/26 at 2:36 pm to uggabugga
They say, adjusted for inflation, Augustus Ceasar was worth around 5 trillion.
This post was edited on 5/21/26 at 2:37 pm
Posted on 5/21/26 at 2:39 pm to uggabugga
quote:
Is Elon about to become the world's first trillionaire?
This should be a statement and not phrased as a serious question. He will also become the first 2 Trillionaire once he hits his target and receives his Pay Package from Tesla for an additional 1 Trillion.
Posted on 5/21/26 at 3:38 pm to uggabugga
publicly, sure
Posted on 5/21/26 at 3:49 pm to uggabugga
I hope he does -- He has become the most consequential man in my lifetime.
Go Space-X ... good luck and Godspeed with the launch later today. The largest rocket, again... almost completely overhauled. Astonishing story.
If I weren't so old, I'd consider sweeping floors for them, just to be a part of it.
Go Space-X ... good luck and Godspeed with the launch later today. The largest rocket, again... almost completely overhauled. Astonishing story.
If I weren't so old, I'd consider sweeping floors for them, just to be a part of it.
Posted on 5/21/26 at 3:51 pm to uggabugga
Bernie will have to change his tax speech to "Billionaires and Trillionaires".
Posted on 5/21/26 at 4:00 pm to uggabugga
quote:
Even at a lower $1.25trillion valuation, Musk's majority ownership of SpaceX means his shares could be worth more than $600billion, bringing his total net worth to over $1trillion.
He own's 42% of SpaceX 1.25T valuation is $525B
Posted on 5/21/26 at 4:08 pm to SDVTiger
quote:
Yes and SDV said he would years back
That chimp?
He probably read it in a fortune cookie.
Posted on 5/21/26 at 4:11 pm to LuckyTiger
quote:
I remember Democrats saying he was in financial trouble after buying twitter lol.
He could have lost every cent and I would still happy he bought twitter. That helped shift the election for Trump.
This post was edited on 5/21/26 at 4:12 pm
Posted on 5/21/26 at 4:34 pm to SDVTiger
quote:
Yes and SDV said he would years back
SDV says a lot of stupid shite. Congrats on being right for once.
Posted on 5/21/26 at 4:43 pm to uggabugga
quote:
Is Elon about to become the world's first trillionaire?
The first official trillionaire. There are members of certain "families" who have been at that level for awhile.
Posted on 5/21/26 at 4:49 pm to KCT
quote:
The first official trillionaire. There are members of certain "families" who have been at that level for awhile.
Maybe if you include sovereign wealth, but that's cheating.
Posted on 5/21/26 at 4:52 pm to uggabugga
quote:He is.
Is Elon about to become the world's first trillionaire?
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