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According to Forbes, the IPO boosted Musk's fortune to an estimated $1.1 trillion as of Friday morning. His net worth had already risen by $188 billion to approximately $982 billion on Thursday evening, when SpaceX priced its shares at $135 during the initial public offering.
The company, which manufactures rockets, space exploration technology and Starlink satellites, is currently privately held. But on Wednesday it made a confidential filing with the US Securities and Exchange Commission (SEC) for an initial public offering, which would allow shares to be traded in the stock market.
Terafab, a manufacturing facility based near Austin, Texas, intends to bring logic, memory and advanced packaging under one roof.
The merger will “form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform,” Musk wrote in an update.
In the reposted message, Starlink said, "Starlink is providing free broadband service to the people of Venezuela through February 3, ensuring continued connectivity."
OpenAI has ramped up its challenge to Google, which has responded by rapidly building more AI capabilities into search and across its platform.
The records, turned over by the Epstein Estate to Congressional Democrats, include phone message logs, flight manifests, financial ledgers, and daily schedules.
The idea is to help people with speech impairments communicate through thought. Neuralink is among the companies testing implants that help patients control a computer with their minds.
Musk, who already owned around 13% of Tesla, acquired roughly 2.5 million shares in transactions completed on Friday, details of which were disclosed to regulators on Monday
The launch, scheduled for 7:30 p.m. ET from the company’s Starbase facility in Boca Chica, Texas, was set to be the tenth integrated test flight of the two-stage vehicle.
Some workers sued the company over their terminations and severance packages, after some 6,000 staff were sacked as part of a cost-cutting measure after Musk took over the company in 2022.
The decision comes eight months after a Delaware judge blocked Musk’s earlier $55.8 billion compensation package, which had been tied to specific company milestones and approved by shareholders in 2018.