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Musk's SpaceX Stake Nears Half Trillion Dollars
14 Aug
Summary
- Elon Musk's SpaceX stake was 48.4% as of June 30.
- His holding is valued at over $900 billion.
- SpaceX's IPO raised $85.7 billion in June.
As of June 30, Elon Musk held a substantial 48.4% ownership in SpaceX, according to a recent regulatory filing. This significant portion is valued at over $900 billion based on current market assessments.
The rocket and AI company, SpaceX, recently completed a record-breaking initial public offering on June 12. This IPO successfully raised $85.7 billion, propelling the company's market capitalization beyond the $2 trillion mark.
However, market enthusiasm for SpaceX's valuation has reportedly waned since its public debut, leading to a subsequent retreat in its stock price from its initial peak.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
