How Elon Musk may add $100 billion-plus to Google's cash reserves
Elon Musk-owned SpaceX is reportedly planning an IPO next year with a target valuation of $1.5 trillion, potentially boosting Musk's fortune to over $600 billion. This move could significantly benefit Google, a major outside investor, whose stake might become worth around $111 billion. Musk has confirmed the IPO plans, aiming to raise substantial funds for AI and robotics initiatives.
Elon Musk-owned SpaceX is reportedly planning an IPO next year with a target valuation of $1.5 trillion, potentially boosting Musk's fortune to over $600 billion. This move could significantly benefit Google, a major outside investor, whose stake might become worth around $111 billion. Musk has confirmed the IPO plans, aiming to raise substantial funds for AI and robotics initiatives.
