SpaceX IPO Could Make Musk a Trillionaire at Your Expense in “Massive Wealth Transfer”: Eric Gardner (opens in new tab)

Elon Musk’s rocket company SpaceX is set to go public this week targeting a $1.8 trillion valuation, potentially making it the largest initial public offering in history. It is also projected to make Elon Musk, already the world’s richest man, the world’s first trillionaire. The nonprofit newsroom More Perfect Union has released a new report from business reporter Eric Gardner called “We Uncovered a Hidden Wealth Transfer in the SpaceX IPO. You’re Holding the Bag.” It details how Musk convinc...