BlockBeats News, June 12: Elon Musk may become the first person in history with a net worth exceeding $1 trillion as SpaceX is set to go public on the Nasdaq today. According to SpaceX's S-1 registration statement filed with the SEC on May 20, Musk's personal stake in SpaceX was around 42% before the IPO, diluted to approximately 40.5% post-listing. Forbes currently estimates Musk's net worth at $982.6 billion.
According to revisions in last week's SpaceX registration filings, Musk's total holdings of 6.4 billion shares of SpaceX (including both Class A and Class B shares) will be locked up for 366 days, meaning he will be unable to sell during this period. In contrast, other executives can start selling their holdings earlier under a phased unlocking arrangement.
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