SpaceX IPO raises $75 billion, Elon Musk becomes first trillionaire
Published on · Source: bbc.com
AI Summary
Summarized by AI from the source belowElon Musk has become the world's first trillionaire following SpaceX's initial public offering (IPO), which raised $75 billion from investors. SpaceX's shares listed on the Nasdaq with an initial price of $135, but trading opened at $150, reaching a high of $176.50 before closing at approximately $161. Musk's net worth is now $1.11 trillion, with SpaceX shares valued at $767.1 billion at market close. His ownership stake of 42% gives him significant control over the company’s operations.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Tesla Inc. (TSLA)
Tesla is the leading electric-vehicle maker, also building energy-storage systems, solar products, and autonomous-driving and robotics technology.
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Earlier TSLA news
- SpaceX (SPACEX) IPO Propels Elon Musk to World’s First Trillionaire
- SpaceX (SPCX) Raises $75 Billion in Historic IPO with $1.77 Trillion Valuation
- SpaceX IPO Targets $75 Billion with $135 Shares to Justify Valuation
- SpaceX IPO Set to Influence Market Dynamics Amid Tech Rebound
- SpaceX (SPCX) IPO Raises $75 Billion, Values Company at $1.77 Trillion
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