1 week ago
7
Reuters
Tue, April 21, 2026 astatine 2:37 AM CDT 1 min read
April 21 (Reuters) - Elon Musk accrued his involvement successful SpaceX past twelvemonth by purchasing $1.4 cardinal worthy of banal from existent and erstwhile employees, The Information reported connected Tuesday.
The secondary banal purchase, made done Musk's trust, was disclosed successful a draught of SpaceX's confidential IPO prospectus, the study said.
SpaceX besides approved a program past period that would grant the billionaire CEO 60 cardinal additional shares if the company’s marketplace capitalization climbs from $1.1 trillion to arsenic precocious arsenic $6.6 trillion and the firm completes an ambitious program of gathering information centers successful abstraction to proviso compute for AI developers, The Information said.
The banal would vest arsenic SpaceX increases its marketplace headdress in $500 cardinal increments, according to the Information.
Reuters could not instantly verify the report.
SpaceX did not instantly respond to a petition for comment.
The company, which confidentially filed for a U.S. listing successful March, generated astir $8 cardinal successful profit past twelvemonth connected gross of $15 cardinal to $16 billion, Reuters reported successful January.
SpaceX plans to usage a dual-class equity operation that gives Class B shareholders 10 votes each, Reuters reported connected Tuesday, concentrating powerfulness with Musk and a fistful of different insiders, portion Class A shares sold to nationalist investors volition transportation 1 ballot each.
(Reporting by Chandni Shah successful Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala)
English (CA) · 
English (US) · 
Spanish (MX) ·