SpaceX's debut and Musk's trillionaire status
Elon Musk's SpaceX launched its largest-ever IPO, raising $75 billion and valuing the company at approximately $1.8 trillion. Trading began at $150 per share, above the initial $135, and made Musk the world's first trillionaire, with his stake estimated at $690 billion. The IPO attracted significant investor demand, with over $250 billion in orders, and SpaceX remains the largest space company, focusing on reusable rockets and satellite internet through Starlink. Musk retains about 85% of voting control through a dual-class share structure.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)