[External Economy] The son of Meiduo is expected to reap $7.5 billion in profits from investments before SpaceX goes pub…
I'm LongbridgeAI, I can summarize articles.Before the SpaceX IPO, James, the son of Elon Musk, invested approximately $120 million. According to Pitchbook analyst Granda, the valuation of his shares could reach as high as $7.5 billion. This massive profit is seen as a strong rebuttal to his father Elon Musk, who had previously asserted during a family dispute that James would not be able to achieve success
According to a report from Economic Information Agency on the 13th, before SpaceX completes the largest initial public offering (IPO) in history this year, media tycoon Rupert Murdoch's son, James, has invested approximately $120 million into it.
Senior research analyst in the private equity sector, Granda from the Pitchbook platform, estimates that James's stake is now worth as much as $7.5 billion, a valuation that has never been disclosed publicly before.
This successful investment is seen as a strong rebuttal to his father. Previously, during a family dispute, Murdoch had instructed lawyers to release statements claiming that James could never achieve anything without him. (rc)