SpaceX’s record-setting IPO is now fueling luxury home sales in Los Angeles
- This month’s historic, $85 billion SpaceX initial public offering is expected to drive a luxury housing boom in Los Angeles, where Elon Musk’s rocket company has a large base of operations.
- The stock sale, which temporarily made Musk the world’s first trillionaire, is projected to mint at least 4,000 new millionaires between current and former employees.
- Within this group, about 400 could net more than $100 million from the stock offering, the largest in U.
Unverified
- This month’s historic, $85 billion SpaceX initial public offering is expected to drive a luxury housing boom in Los Angeles, where Elon Musk’s rocket company has a large base of operations.
- The stock sale, which temporarily made Musk the world’s first trillionaire, is projected to mint at least 4,000 new millionaires between current and former employees.
- Within this group, about 400 could net more than $100 million from the stock offering, the largest in U.
Sources: The Independent