Musk bought $1.4B of SpaceX stock from employees, IPO filing shows By Investing.com

Investing.com -- Elon Musk purchased $1.4 billion worth of SpaceX stock from current and former employees last year, according to The Information, which cited a draft of the company's confidential IPO prospectus.

The purchase was made through Musk's trust, the document shows.

The filing also reveals a compensation plan that would award Musk tens of millions of shares if SpaceX's market capitalization increases by trillions of dollars.

The valuation at which Musk bought the stock last year remains unclear, according to the report.

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