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SpaceX stock rises sharply
SpaceX experienced a significant increase in its stock value after going public, as trading started at $150 and the price surpassed $160 during the session, reaching a high of $176.52. This boosted the company's market capitalization to over two trillion dollars. Its CEO Elon Musk confirmed that the company has been generating positive cash flows since around 2015 and is now seeking to raise capital for expansion projects, including deploying more than 100,000 communications satellites and building artificial intelligence centers in space. SpaceX is considered one of the leading manufacturers of reusable rockets, and its Starlink satellite internet division is currently the most profitable.
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