American entrepreneur Elon Musk increased his stake in SpaceX by $1.4 billion last year

Reports from the United States indicate that American entrepreneur Elon Musk purchased $1.4 billion worth of stock from current and former employees working for him last year, increasing his stake in SpaceX. It is reported that SpaceX is considering its first initial public offering (IPO) in June, with a fundraising target of up to $50 billion. Another report states that SpaceX’s target valuation exceeds $1 trillion, making it the largest IPO in U.S. stock market history. (CCTV News)

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