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SpaceX IPO to Make Thousands Rich, Musk Nears Trillion

New York Times Business •
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SpaceX’s debut at $135 a share could push the company’s valuation to $1.77 trillion, a figure that dwarfs General Electric’s market cap. The move follows Musk’s plan to become the first trillionaire.

The IPO promises to lift more than 4,400 current and former employees into millionaire status, with around 400 projected to earn $100 million or more. Investors and venture capitalists already holding stakes stand to double their holdings.

For employees, the payout is life‑changing. Trevor Hise, a former launch engineer, now owns over 100,000 shares that could be worth $13.5 million. The IPO illustrates how early‑stage equity can translate into substantial wealth when a company goes public.