Variety
·entertainment
·1 hour ago
Elon Musk becomes world's first trillionaire as SpaceX IPO raises $75 billion
Elon Musk became the world's first trillionaire with SpaceX's IPO on Friday, opening at $150 per share, an 11% increase from its pricing. The capital raised was approximately $75 billion, valuing the company at around $1.77 trillion. Analysts have expressed concerns about SpaceX's high valuation compared to its financials and future profitability.
Summary by Glance · Variety
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