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SpaceX IPO Could Make Musk World's First Trillionaire as Retail Investors Rush In

Wall Street Journal Markets •
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Deen Noory represents the new wave of retail investors backing Elon Musk's empire. The 41-year-old fintech entrepreneur plans to buy SpaceX shares when the company debuts Friday in what could be the largest IPO ever. Noory, who built his wealth listening to Musk's interviews, holds roughly 85% of his net worth in Tesla stock.

Musk is betting on loyal retail supporters like Noory to fuel the record-breaking offering. SpaceX aims to raise close to $75 billion, potentially crowning Musk as the world's first trillionaire. This follows the broader retail investing revolution that has reshaped Wall Street's approach to major offerings.

Noory frames his investment as belief in Musk's vision rather than blind fandom. He sees unlimited potential in the founder's push toward multiplanetary existence powered by advanced artificial intelligence. The IPO represents Musk's latest move to monetize his private ventures while retail enthusiasm remains high.

The offering price and valuation will determine whether Musk reaches trillionaire status immediately. Early investors like Noory are positioning for what they view as generational wealth creation in space technology and AI. Market reception Friday will signal retail appetite for mega-cap growth stories.