Trillionaire Elon Musk makes history with SpaceX IPO: 5 takeaways
Summary
SpaceX, the aerospace company led by Elon Musk, started selling its shares on the stock market for the first time on Friday. The share price rose 11 percent at the start of trading, making the company worth nearly $2 trillion and making Elon Musk the first person to have a net worth over one trillion dollars.Key Facts
- SpaceX had its initial public offering (IPO) on the Nasdaq stock exchange.
- The company's stock price increased by 11 percent right after trading began.
- SpaceX’s total market value reached about $1.96 trillion.
- Elon Musk became the first trillionaire due to the high valuation of SpaceX.
- The IPO was highly anticipated by investors and the public.
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