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Space Mogul Becomes Multibillionaire With De-SPAC on Wild Ride

Serial entrepreneur Kam Ghaffarian’s net worth has jumped to $3.8 billion as shares of Intuitive Machines have seesawed since its debut last week.

Kam Ghaffarian speaks during a January 2022 interview at Axiom Space’s headquarters in Houston.

Kam Ghaffarian speaks during a January 2022 interview at Axiom Space’s headquarters in Houston.

Photographer: Go Nakamura/Bloomberg
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Kam Ghaffarian always wanted to go to the Moon, though just not in the Reddit sense of the phrase.

The space mogul has become a billionaire several times over after his company, Intuitive Machines Inc., wrapped up a SPAC merger. Intuitive shares skyrocketed as much as 1,200% since its debut last week, before giving back some of those gains on Thursday.