SpaceX, Elon Musk and IPO
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SpaceX has submitted proposals to build the first phase of its chipmaking moonshot, which will cost at least $55 billion, in Grimes County, Texas.
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Elon Musk mentioned the goal while talking to JP Morgan's Chief Jamie Dimon as SpaceX tries to generate hype for its upcoming IPO.
“They've been the best company I've ever worked with in 45 years,” EchoStar president and cofounder Charlie Ergen said of SpaceX.
JPMorgan once sued Tesla, but is now helping hype up SpaceX, which could secure a nearly $2 trillion valuation next week and make Musk the world's first trillionaire.
The Wall Street Journal has put Elon Musk's $970 billion fortune into human terms, and the math is impossible to wrap your head around.