1 Day
Source:
Los Angeles Times
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SpaceX shares jump 18% in debut
SpaceX made its historic public debut, raising $75 billion by selling 555 million shares at $135 each, valuing the company at $1.77 trillion and making it one of the largest IPOs ever. Shares surged above their opening price, pushing its market cap toward $2 trillion and boosting Elon Musk into trillionaire status. The IPO was oversubscribed, with significant demand from institutional and retail investors, and will fund SpaceX’s ongoing developments, including the Starship rocket and AI-related projects.
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