Elon Musk could be on his way to becoming the first trillionaire by the end of the decade, as two of his private companies soar in value, while his public company, Tesla, recently surpassed a trillion dollars in market capitalization.
A new report from the Financial Times cites people familiar with the discussions, stating that Musk's SpaceX—the world leader in rocket launches and high-speed space internet (via Starlink)—is preparing to launch a tender offer in December to sell existing shares at $135 each. This indicates that the rocket company's valuation has surged by another $40 billion, reaching $250 billion, up from $210 billion earlier this year. . .
Source (zerohedge.com)
>Elon Musk could be on his way to becoming the first trillionaire by the end of the decade, as two of his private companies soar in value, while his public company, Tesla, recently surpassed a trillion dollars in market capitalization.
>A new report from the Financial Times cites people familiar with the discussions, stating that Musk's SpaceX—the world leader in rocket launches and high-speed space internet (via Starlink)—is preparing to launch a tender offer in December to sell existing shares at $135 each. This indicates that the rocket company's valuation has surged by another $40 billion, reaching $250 billion, up from $210 billion earlier this year.
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[Source](https://www.zerohedge.com/markets/spacex-plans-tender-offer-250-billion-valuation)
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