- Rupert Murdoch’s estranged son, James Murdoch, could potentially earn nearly $7.5 billion from his investment in Elon Musk’s SpaceX.
- Murdoch reportedly invested an estimated $120million into SpaceX through three tranches of shares, with two worth $50 million each and a personal investment of $20 million.
- The valuation, estimated by PitchBook analyst Franco Granda and reported by Fortune, is based on public records of Murdoch's holdings.
- SpaceX's shares became publicly available on 12 June, achieving the largest initial public offering of all time.
- James Murdoch, who has a well-documented friendship with Elon Musk and sits on Tesla's board, has also recently acquired New York magazine and the Vox Media Podcast Network via his company, Lupa Systems.
IN FULL
