Musk · The Information
Musk Bought $1.4 Billion of SpaceX Shares, Helping Boost Control
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Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion of stock from current and former employees, part of a series of moves leading up to the company’s initial public offering that increased his sway over the company.
Key facts
- Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion of stock from current and former employees, part of a series of moves leading up to the company’s initial public offering
- The document also revealed a new plan to award Musk with tens of millions of shares if SpaceX’s market cap increases to as high as $6.6 trillion