Elon Musk

SpaceX shares end first week of trading up 37% from IPO price

Volatility is likely to continue as investors weigh lofty expectations for future revenue growth without a clear path to achieving them

The two companies have long shared executives and other resources and are jointly developing multibillion-dollar projects.

Elon Musk’s next move may be a megamerger of SpaceX and Tesla

Some shareholders might object, but there is little they could do, legal experts say

Elon Musk extended his lead over the group with his net worth rising more than 10 per cent to US$1.27 trillion.

World’s 500 richest add record US$336 billion to wealth in one day

The wealth inequality between the world’s rich elite and everyone else is growing

At its current market capitalisation, SpaceX is less than US$135 billion away from overtaking Amazon.com, which boasts a nearly US$2.7 trillion value.

SpaceX surges 20% in first full day of trading to add US$412 billion in value

The move boosts the company’s market value to more than US$2.5 trillion

Elon Musk became the world's first trillionaire with the launch of SpaceX's IPO.

Musk says SpaceX could bring US$1 trillion in revenue by 2030

However, some Wall Street analysts cautioned about the company’s growth

Saudi Arabian Prince Alwaleed Talal first threw his lot in with Elon Musk in 2022.

SpaceX surge further boosts Saudi billionaire prince’s fortune

Alwaleed Talal’s investment firm holds 42.4 million shares in SpaceX, valued at US$6.8 billion

SpaceX ended the day valued at more than US$2 trillion, pushing Elon Musk’s net worth to US$1.2 trillion.

Musk is the world’s first trillionaire. Who was the first billionaire?

The milestone suggests a new era has arrived of frenzied market interest in tech and AI

SpaceX is not being priced like a traditional aerospace, telecom or defence company. Rather, investors are being asked to buy into Elon Musk’s vision of the future.
COMMENTARY

From moonshot to markets: Understand the mechanics before plunging into SpaceX’s mega IPO

For investors, the more interesting point is not the headline valuation, but what actually comes into the market

Most of Elon Musk’s wealth now rests with SpaceX, where he holds a stake worth roughly US$866 billion.

SpaceX IPO makes Elon Musk the world’s first trillionaire

Elon Musk has co-founded five other companies, including tunnelling startup The Boring Company and brain implant maker Neuralink