Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world’s first trillionaire.
A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk’s ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.
Isn’t he already a trillionaire thanks to his board choosing to invest harder in him instead of cutting him loose?
No, that deal only goes into effect if the Tesla stock price goes above a certain unrealistic value (more unrealistic than its current nonsensical valuation). He’s still a centibillionaire, but hopefully soon he’ll be merged with the other centibillionaires into a human centipede situation.