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SpaceX IPO exceeds $10bn estimate
SpaceX raised a total of $85.7 billion through its historic IPO on the Nasdaq, surpassing initial expectations by $10 billion due to a full exercise of the "greenshoe" option. The listing, supported by major banks, generated exceptional investor demand, with shares surging more than 14% on the first trading day to $184, valuing the company at $1.8 trillion. This market performance has propelled Elon Musk into trillionaire status, though his wealth remains closely tied to SpaceX's stock value.
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