Pioneer Hits Over One Trillion Dollars

SpaceX announced that its initial public offering was priced at $135 per share, raising approximately $75 billion and giving the company a market value of about $1.77 trillion. This makes Elon Musk the first person to surpass a net worth of one trillion dollars, based on his holdings in SpaceX and Tesla. Despite posting net losses of around $5 billion last year, the company is considered a high-growth firm, particularly in its satellite internet operations, with Musk maintaining significant control through shares with enhanced voting rights.

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