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SpaceX launches during largest IPO with 17% rise
SpaceX launched its first public market trading, achieving a market value exceeding one trillion dollars, after raising 75 billion dollars through its initial public offering, during which 555.6 million shares were sold at a price of 135 dollars per share. The stock opened at 150 dollars and immediately rose to over 160 dollars after trading commenced, boosting the company's valuation and making it one of the most valuable American firms. SpaceX plans to use the new capital for projects including launching more than 100,000 communication satellites, developing space-based artificial intelligence data centers, and implementing other initiatives, while continuing to generate positive cash flows since 2015.
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