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.
Reuters could not immediately verify the report.
SpaceX did not immediately respond to a request for comment.

Elon Musk's SpaceX plans an IPO, targeting a valuation exceeding $2 trillion, potentially making it one of the world's most valuable companies. With its Starlink global network and industry-leading position in space launches, SpaceX is attracting global investor attention. Can its vision for space exploration and commercial potential support this astronomical valuation? What are your thoughts on SpaceX's future performance?

Elon Musk's SpaceX plans an IPO, targeting a valuation exceeding $2 trillion, potentially making it one of the world's most valuable companies. With its Starlink global network and industry-leading position in space launches, SpaceX is attracting global investor attention. Can its vision for space exploration and commercial potential support this astronomical valuation? What are your thoughts on SpaceX's future performance?

SpaceX Eyes IPO — Is the Space Economy Ready for Liftoff?

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- Elon Musk increased his stake in SpaceX by purchasing $1.4 billion worth of stock from employees last year, according to a report.  
- The stock purchase was disclosed in SpaceX’s confidential IPO prospectus and conducted through Musk’s trust.  
- Additionally, SpaceX approved a plan to award Musk 60 million shares if the company's market capitalization grows significantly and achieves its ambitious plans involving space data centers.

Musk bought $1.4 billion SpaceX shares last year, The Information reports