SpaceX Debuts in Record-Breaking IPO, Making Elon Musk First Trillionaire
SpaceX launched its initial public offering on Friday, debuting at $150 per share and quickly surging up to 20%. The record-breaking event raised $75 billion, propelling Elon Musk to become the world's first trillionaire and delivering a projected $230 billion windfall for early backers like Peter Thiel. Musk stated the move is necessary to fund the company's ambitions for satellites and data centers. While the IPO expands SpaceX's reach across rocket technology and AI, some analysts and critics have expressed concern over Musk's growing dominance across the global economy.
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