Brits offered free £100 Elon Musk investment after SpaceX founder becomes world's first trillionaire
Savvy Brits could land themselves a free £100 investment with the world's richest man, Elon Musk, and there's genuinely no catch.
In fact, it's a scheme endorsed by none other than Money Saving Expert's Martin Lewis; a man known for not backing something without knowing its a legit money hack or alternative.
It's all to do with shares and getting them as a reward for a simple banking sign up offer.
And it's worth noting that it is not just SpaceX who you can invest the £100 of shares with. The likes of Apple and Nvidia are also on the table of big dog investments.
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It comes after Musk became the world's first trillionaire (yes, really) after SpaceX went public last week, with the company hitting a valuation of $1.77 trillion. According to reports, Musk owns 42 percent to 46 percent of SpaceX's equity.
eToro is your SpaceX friend
In his latest MSE newsletter last night (16 June), Lewis said: "FREE £100 in shares including SpaceX, if you put £200+ in an investment account."
The deal in question is eToro's sign up deal for new customers who join via MSE's exclusive offer.
And if it wasn't clear, you have to deposit £200 in to an investment account for 90 days, with your £100 in free shares coming 'almost straight away'.
The newsletter says: "What free shares? You can choose from shares including SpaceX, Apple or Nvidia, or a fund tracking the US S&P 500.
"You must hold them, their value can rise or fall, then you can keep or sell them. Normally we say single shares are risky, but these are free. What can you invest in? For your £200+, eToro has a big choice of funds, so if you're planning to start investing, the free shares are a great boost.
"Though you don't actually need to invest the £200, you can leave it in its cash account and withdraw afterwards. Full eToro £100 shares for £200 help."
- The MSE sign up link can be found here.
SpaceX investment is through the roof
SpaceX hit the Wall Street Stock Exchange last Friday after landing a $1.77 trillion (£1.31 trillion) valuation following its first Initial Public Offering (IPO).
More than 555 million shares were sold at a price of $135 each, with those buying up funding Musk's personal wealth bit by bit.
Before then, SpaceX shares had only been available privately since its establishment in 2021.
Back in October of that year, it hit a valuation of $100 billion; well short of the 2025 valuation of $800 billion.
It means that, in a general sense, investors back in 2021 have had a huge return on their cash, with $1,000 (£745) now worth $21,000 (£15,650). Woof, not too shabby indeed for those who invested at the time.
Topics: SpaceX, Elon Musk, Money, Martin Lewis, UK News
Tom Earnshaw