{"id":1004185,"date":"2026-04-22T07:47:22","date_gmt":"2026-04-22T02:17:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1004185"},"modified":"2026-04-22T08:06:41","modified_gmt":"2026-04-22T02:36:41","slug":"musk-bought-1-4-billion-spacex-shares-last-year-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/04\/22\/musk-bought-1-4-billion-spacex-shares-last-year-report\/","title":{"rendered":"Musk bought $1.4 billion SpaceX shares last year: Report"},"content":{"rendered":"<p>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. <\/p>\n<p>The secondary stock purchase, made through Musk&#8217;s trust, was disclosed in \u200ca draft \u2060of \u2060SpaceX&#8217;s confidential IPO prospectus, the report said. <\/p>\n<p>SpaceX also approved a plan last month that would award the billionaire CEO 60 million additional shares if the company&#8217;s market capitalisation climbs from $1.1 trillion to as high as $6.6 trillion and the firm completes \u2060an ambitious \u200cplan of building data centers in space to supply compute for AI developers, \u2060The Information said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s trust, was disclosed in \u200ca draft \u2060of \u2060SpaceX&#8217;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&#8217;s market capitalisation climbs from $1.1 trillion to as high as $6.6 trillion and the firm completes \u2060an ambitious \u200cplan of building data centers in space to supply compute for AI developers, \u2060The Information [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1004185","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1004185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1004185"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1004185\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1004185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1004185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1004185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}