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Nearly 20% rise in SpaceX shares added $164.8 billion to Elon Musk’s wealth, while historic IPO raised $85.7 billion after strong investor demand
According to estimates by Forbes, Elon Musk’s fortune increased by almost $165 billion this Monday (15) and reached a record $1.3 trillion, after SpaceX shares rose about 20% in the company’s first full trading session following its historic IPO, widening the gap between the entrepreneur and other billionaires.
Elon Musk’s fortune advances with new SpaceX leap
SpaceX shares advanced more than 19.5% this Monday and ended the day above $192.
The movement extended the appreciation that began on Friday, when the shares had already risen about 19% at the company’s stock market debut.
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With the new rise, the additional appreciation of SpaceX added $164.8 billion to Musk’s wealth. In local currency, the gain is equivalent to R$ 824 billion, bringing his fortune to $1.3 trillion, or R$ 6.5 trillion.
Stake in the company explains the size of the gain
The direct impact on Elon Musk’s fortune is linked to the size of his stake in SpaceX. According to the provided data, he owns approximately 4.8 billion shares of the company.
Additionally, Musk holds 350 million purchase options, with an exercise price of $8.40 per share. Combining shares and options, his stake in the company reaches about 38%.
Tesla shares also closed higher this Monday, with a gain of 1.2%, but the main driver of the wealth increase was the appreciation of SpaceX following the IPO.
IPO raised $85.7 billion after strong demand
SpaceX reported this Monday that it raised $85.7 billion in its IPO, equivalent to R$ 428.5 billion. The amount exceeded the initially announced $75 billion.
The expansion occurred after the coordinating banks exercised the option to purchase an additional 83.3 million shares, due to strong investor demand.
According to the company, the initial public offering received orders exceeding US$ 350 billion. Of this total, about US$ 100 billion came from retail investors and approximately US$ 250 billion from institutional investors.
Musk widens gap with Larry Page
With the new wealth, Musk appears about US$ 1 trillion ahead of Larry Page, whose fortune is estimated by Forbes at US$ 301.4 billion. Page is considered the second richest man in the world.
The debut of SpaceX on the stock exchange had already increased Musk’s stake in the company to about US$ 821 billion and helped the entrepreneur reach US$ 1.1 trillion.
Before that, he had reached US$ 500 billion in October, surpassed US$ 600 billion in December, and exceeded US$ 700 billion four days later.
This article was prepared based on information from Forbes and SpaceX, with data, numbers, and statements preserved as per the consulted material.
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