{"componentChunkName":"component---src-templates-article-js","path":"/musks-wealth-soars-to-970-billion","result":{"data":{"prismicArticle":{"uid":"musks-wealth-soars-to-970-billion","tags":["politics"],"first_publication_date":"2026-06-12T09:22:57+0000","last_publication_date":"2026-06-12T09:22:57+0000","data":{"third_party_url":null,"title":{"text":"Musk’s Wealth Soars to $970 Billion!"},"rating":null,"datetime":"2026-06-12T04:32:00+0000","img":{"url":"https://images.prismic.io/prad/7b8617d0-8425-461b-ac2b-914374ef1d08_musk.JPG?auto=format,compress"},"embed":{"embed_url":null,"thumbnail_url":null,"author_url":null,"title":null},"content":{"raw":[{"text":"Space Exploration Technologies Corp. (SpaceX) -- the Elon Musk-led rocket and satellite company -- has priced its blockbuster initial public offering (IPO), pushing Musk’s net worth to nearly $970 billion and bringing him closer to becoming the world’s first trillionaire, as per multiple reports. "},{"text":"Reports claim that SpaceX priced its shares at $135 apiece, raising about $75 billion in what is being billed as the largest IPO in history and valuing the company at around $1.77 trillion."},{"text":"The company is expected to begin trading on Nasdaq under the ticker symbol ‘SPCX’."},{"text":"The IPO pricing is estimated to add roughly $275 billion to Musk’s wealth, taking his net worth to around $970 billion. Musk’s SpaceX holdings, including options, are valued at approximately $688 billion at the IPO price."},{"text":"Regulatory filings showed that Musk beneficially owns 849.49 million Class A shares and 5.57 billion Class B shares as of May 1, representing a combined holding of around 6.42 billion shares across both classes."},{"text":"Before completion of the offering, Musk controls about 85 per cent of the company’s voting power through SpaceX’s dual-class structure, under which Class B shares carry ten votes each compared with one vote for each Class A share."},{"text":"The filing also disclosed major insider holdings across the company’s leadership and board."},{"text":"Founded by Musk in 2002, SpaceX has become one of the world’s most prominent aerospace companies through its Falcon 9 and Falcon Heavy reusable rockets, Dragon spacecraft and Starship launch programme."},{"text":"The company has also expanded through its satellite internet business, Starlink."},{"text":"The listing is expected to mark a watershed moment for public markets and could trigger a fresh wave of mega technology IPOs in the coming months."}]}}},"relatedArticles":{"edges":[{"node":{"uid":"democracy-mocked-in-andhra","data":{"third_party_url":null,"title":{"text":"Democracy Mocked in Andhra?"},"img":{"url":"https://images.prismic.io/prad/aZNN0lWLo0XkEjP4_civicpoll.JPG?auto=format,compress"},"datetime":"2026-10-25T08:28:00+0000"}}},{"node":{"uid":"pollard-promoted-to-mi-head-coach","data":{"third_party_url":null,"title":{"text":"Pollard promoted to MI head coach"},"img":{"url":"https://images.prismic.io/prad/b8feb257-8654-4d0a-85f0-06e4d0b98dbf_pollard.JPG?auto=format,compress"},"datetime":"2026-10-24T04:42:00+0000"}}},{"node":{"uid":"2nd-t20i-india-outclass-nz-again","data":{"third_party_url":null,"title":{"text":"2nd T20I: India Outclass NZ 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