Space X

Space X stock market trip 

Musk has earned half a million per minute for 31 years

Elon Musk is by far the world's richest man, but after SpaceX's IPO he is expected to become the first in the world with a total fortune worth over 1 trillion dollars, writes the Wall Street Journal.

He is currently worth around 970 billion dollars according to the newspaper's calculations. Counting from the day he founded his first company 31 years ago, Musk has thus earned almost 60,000 dollars - or just over half a million kronor - per minute.

There are different ways to calculate wealth. According to the business magazine Forbes, Musk's assets are currently 826 billion dollars and according to Bloomberg's billionaire index, the figure is 726 billion dollars.

Space X IPO
Sources: Space X price tag will be $135 per share

The price tag on Space X shares has been set ahead of the upcoming IPO, sources told Reuters. Anyone who wants a share of Elon Musk's space company will have to pay $135, just under 1,300 kronor. That would give the company a record capital injection of $75 billion.

Setting a fixed level per share is very unusual. As a rule, a price range is proposed instead. But there are no rules that prevent fixed levels, says lawyer Weiheng Chen.

- Musk is simply applying a 'take it or leave it' strategy, which works for his supporters and is also reasonable given market conditions and the lack of comparable alternatives, he says.

After a few years with few major IPOs, the giants are now lining up. After Space X, the AI ​​companies Open AI and Anthropic are next.

Expert's warning: Space X valuation is astronomical

SpaceX's expected valuation of up to 2000 billion at the upcoming IPO is "astronomical". Independent equity analyst Peter Malmqvist tells SvD, adding that he himself would refrain from buying the stock.

- I can't see how this is going to be a good deal, he tells the newspaper.

Danske Bank's senior strategist Maria Landeborn also believes that SpaceX's high valuation makes an investment risky. At the same time, she is not worried about highly valued tech companies in the long term.

Space X's IPO — it's about the matter

• Space X has applied for a listing on the Nasdaq in New York. The company is aiming for a valuation between 1,750 and 1,800 billion dollars, which would make it the world's largest listing.
• Elon Musk cannot be removed as Space X CEO. This is because only B-shareholders will be able to vote on the matter, where he himself owns a majority of the votes.
• Only a small proportion of Space X shares will be released on the market, which is expected to create high demand and force index funds to buy in under new Nasdaq rules.
• Critics, including American pension funds, have expressed concern about Musk's great power and the unusual corporate governance.
• Millions of Swedes become indirect shareholders in Space X via the Seventh AP Fund, as the fund automatically buys shares when the company is included in global indexes.