Musk bought $1.4 billion SpaceX shares last year, The Information reports
Musk bought $1.4 billion SpaceX shares last year, The Information reports
ReutersTue, April 21, 2026 at 7:41 AM UTC
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FILE PHOTO: SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper/File Photo
April 21 (Reuters) - Elon Musk increased his stake in SpaceX last year by purchasing $1.4 billion worth of stock from current and former employees, The Information reported on Tuesday.
The secondary stock purchase, made through Musk's trust, was disclosed in a draft of SpaceX's confidential IPO prospectus, the report said.
SpaceX also approved a plan last month that would award the billionaire CEO 60 million additional shares if the company’s market capitalization climbs from $1.1 trillion to as high as $6.6 trillion and completes an ambitious plan of building data centers in space to supply compute for AI developers, The Information said.
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Reuters could not immediately verify the report.
SpaceX did not immediately respond to a request for comment.
(Reporting by Chandni Shah in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala)
Source: “AOL Money”
