Elon Musk is on the verge of making history as the world's first trillionaire(Image: AFP via Getty Images)
Elon Musk is on the verge of making history as the world's first trillionaire after drawing up plans for a record-shattering stock market launch. Hisrocket, satellite and AI empireis officially headed for the US stock market, filing its prospectus with regulators.
SpaceX has chosen the Nasdaq stock exchange to sell its shares to the public for the very first time. Insiders claim Musk is aiming atraising a massive $75billion(£55.8bn), based on a mind-boggling $1.75trillion (£1.3tn) valuation.
According to the paperwork, Musk will hold onto a commanding 85.1 per cent of the company's voting power. Even if the valuation slips to $1.25tn (£930bn), his majority stake would be worth over $600bn (£446bn).
SpaceX has chosen the Nasdaq stock exchange to sell its shares(Image: AFP via Getty Images)
Combined with his other assets, that comfortably pushes his personal net worth past the $1tn mark.
SpaceX isn't thinking small, boldly declaring in its filing: "We believe we have identified the largest actionable total addressable market (TAM) in human history. We estimate that our quantifiable TAM is $28.5trillion."
Outlining its sci-fi goals, the company said its ultimate mission is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars."
Musk will hold onto a commanding 85.1 per cent of SpaceX's voting power(Image: AFP via Getty Images)
The document didn't hold back on the existential stakes, adding: "We do not want humans to have the same fate as dinosaurs. We want to give them a reason to look ahead with excitement, with the prospect that we are entering an age of abundance with an endlessly prosperous and exciting future."
Source: Drudge Report
