Elon Musk Purchased $1.4 Billion Worth of SpaceX Shares Last Year
Elon Musk increased his stake in SpaceX by purchasing $1.4 billion in shares from employees through his trust, as reported by The Information. The purchase was revealed in a draft of SpaceX's confidential IPO prospectus. SpaceX also approved a plan to award Musk 60 million additional shares if the company's market cap reaches $6.6 trillion and it builds space-based data centers.
Topics: Dual-Class Shares Elon Musk IPO Share Purchases SpaceX