Space Exploration Technologies Corp. Class A Common StockSPCX
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SpaceX's IPO surged nearly 50%, adding $620B to Musk's wealth.
Elon Musk's paper fortune has surged to $1.32 trillion following SpaceX's IPO, according to the Bloomberg Billionaires Index. The valuation marks an almost 90% jump from the $696 billion estimate just before SpaceX priced its IPO at $135 per share. The move added about $620 billion to Musk's wealth over four trading days, the largest gain ever recorded by Bloomberg's wealth index. Most of the gain came from Musk's SpaceX stake, which now represents nearly three-quarters of his total wealth, with SpaceX shares climbing nearly 50% since the IPO and overtaking Amazon.com in market value.
Space Exploration Technologies Corp. Class A Common StockSpaceX's IPO surged nearly 50%, adding $620B to Musk's wealth.
Amazon.com IncSpaceX overtook Amazon in market value, implying competitive pressure.