Elon Musk

Amazon’s valuation stands at $2.65trn, Microsoft’s at $2.92trn, and the world’s top three companies exceed $4trn in market value

SpaceX surged 19 per cent in its first day of trading on Nasdaq, pushing its valuation beyond $2tn and propelling Elon Musk’s net worth past the $1tn mark, as investors piled into the largest IPO in history

Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand

Elon Musk’s SpaceX has unveiled plans for a potentially record-breaking IPO, exposing steep AI-related losses, tight founder control and ambitious bets on Mars missions

The automaker has contacted suppliers in recent weeks to discuss details of the plan for the compact SUV, which would be a new vehicle and not a variant of Tesla’s current Model 3 or Y

IPO aims to raise $75 billion, valuing SpaceX up to $1.75 trillion

A public listing at a potential valuation of more than $1.75 trillion would signal that space exploration has moved from speculative venture to a mainstream investment

Tesla is designing its fifth-generation AI chip to power its autonomous ambition

The project will covers 24 kilometres in Dubai, with a total cost of nearly Dhs2.5bn

Musk’s 2018 pay package, once worth $56bn, was restored by the Delaware Supreme Court on Friday