All eyes are on the market as SpaceX makes its debut. Shares have been priced at $135, and the stock offering, with 555,555,555 shares available, will raise $75 billion for the company. This offering is only about 5% of the company’s total worth, though, and once it goes public, it’s expected to be valued at $1.8 trillion.
The IPO is oversubscribed, which means that many more people want to take part in the IPO than there are shares available. The implication of that is that the price might skyrocket out of the gate, and each share may rise to well above the $135 offer price. CNBC’s Jim Cramer has theorized that the company could surpass $5 trillion on the first day of trading.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Retail investors are scrambling to get their hands on shares, but the IPO will impact the world’s richest man, Elon Musk, who could become the world’s first trillionaire overnight.
Space, cars, and AI, oh my
As most readers know, this isn’t Elon Musk’s first company. He co-founded PayPal Holdings and OpenAI, bought out Twitter (renamed X), and was involved in several other start-ups. Most importantly, he’s still the CEO of Tesla (NASDAQ: TSLA).
Today, based on all of his holdings, he has a net worth of $782 billion, according to Forbes. When SpaceX IPOs, that could immediately reach $1 trillion.
According to Barron’s, Musk owns 6.4 billion shares of SpaceX, which are already worth $830 billion, in addition to $290 billion in Tesla stock. He also has 344 million class B stock options exercisable st $8.39 per share.
If SpaceX stock goes to the stratosphere, Elon Musk will easily surpass trillionaire status. However, even if the stock drops in early volatility, he might still remain a trillionaire.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again
In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. If you’d invested $5,000 then, you’d be sitting on $2,602,342 today.*
Now, for the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. It’s a key player in the $1.8 trillion space race, and with the stock recently sitting 20% off its highs, the window to get in early is closing fast.
