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Elon Musk first to reach a trillion dollars
Tesla's SpaceX announced an initial public offering priced at $135 per share, raising approximately $75 billion and boosting its market valuation to about $1.77 trillion. This made Elon Musk the first person whose net worth exceeds one trillion dollars, based on his holdings in the company and Tesla. Despite this, SpaceX recorded net losses of nearly $5 billion last year, with revenues reaching $18.67 billion, focusing on the development of the Starship rocket and Starlink satellite internet services. Musk controls over 80 percent of the company's voting rights through highly voting shares.
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