SpaceX stock rises to $161.11
SpaceX's stock surged by 19%, closing at $161.11, after becoming the largest initial public offering in history valued at $2.1 trillion. The goal is to raise capital for expansions including the deployment of over 100,000 satellites and the development of AI data centers in space. The stock started trading at $150, with the company having reported positive cash flows since 2015, despite total losses amounting to $41.3 billion since its founding. Musk aims to finance significant growth phases for the company, focusing on satellite networks and artificial intelligence.
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