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SpaceX shares rise 19 percent
SpaceX's stock jumped by 19% to close at $161.11, following its largest-ever initial offering, which valuated the company at $2.1 trillion. Over 500 million shares were traded. Elon Musk explained that the company aims to raise capital for a major growth phase that includes deploying more than 100,000 satellites into orbit and developing data centers for artificial intelligence, while maintaining positive cash flows since 2015.
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