Elon Musk Will Receive 1 Billion Shares of SpaceX Stock If the Company Hits This Mind-Blowing Milestone

SpaceX is set to launch its IPO on June 12, selling 555,555,555 shares at $135 each, aiming to raise $75 billion. At that fixed price, the company would be valued at about $1.77 trillion, making it the largest IPO in history. SpaceX reported $18.7 billion in revenue last year and a $4.9 billion net loss. The prospectus outlines a performance-based award that could grant Elon Musk 1 billion SpaceX shares if the company establishes a Mars colony with at least 1 million inhabitants; that award exceeds the initial IPO equity by roughly 80%. SpaceX envisions uncrewed cargo flights to Mars by 2028 and deploying Tesla’s Optimus robots to begin construction.