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Elon Musk, the founder of SpaceX, has become the world's first trillionaire after the company's stock price surged by 23% on its first day of trading on Wall Street, reaching $166.90 and giving the company a market value of $1.8 trillion. The initial public offering (IPO) raised $75 billion from the sale of 555.6 million shares at $135 each, surpassing the previous record set by Aramco. Through this stock offering, Musk aims to fund extensive projects including satellite launches, data centers, and the creation of colonies on Mars.
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