- 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
