Elon Musk has strengthened his position in SpaceX by purchasing $1.4 billion worth of shares from employees, according to reports. The move comes as the company prepares for a potential initial public offering (IPO), with confidential filings already submitted in the United States.
SpaceX is reportedly aiming for a valuation that could reach up to $2 trillion, reflecting its rapid growth and expanding influence in both the space and technology sectors. To maintain strategic control, the company is considering a dual-class share structure, allowing Musk to retain significant voting power.
In addition, a performance-based compensation plan could grant Musk up to 60 million additional shares, depending on future valuation milestones. This would further consolidate his leadership at a time when investor interest is intensifying.
Financially, SpaceX continues to show strong momentum. The company is estimated to have generated around $8 billion in profit last year, with revenues between $15 and $16 billion, largely driven by its satellite internet operations.
Founded in 2002, SpaceX has built its strategy around the integration of space technology and artificial intelligence, particularly following its merger with xAI, positioning itself at the forefront of next-generation innovation.
Source: AA
