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Musk Becomes World's First Trillionaire After SpaceX IPO
12 Jun
Summary
- Elon Musk is now the world's first trillionaire following SpaceX's IPO.
- SpaceX raised a record $75 billion in its initial public offering.
- The company offered 555,555,555 shares at $135 each on Nasdaq.
Elon Musk has achieved a historic milestone, becoming the world's first trillionaire following the successful initial public offering (IPO) of his company, SpaceX. This landmark event occurred on Thursday, June 11.
SpaceX, involved in rockets, satellites, and AI, raised an unprecedented $75 billion during its IPO. This significant capital injection underscores strong investor confidence in Musk's diverse business ventures, which also include the electric-car maker Tesla.
The company announced the details of its stock offering on the eve of its public debut. SpaceX offered a total of 555,555,555 shares, with each share priced at $135. Trading commenced on June 12 on the Nasdaq electronic exchange, under the ticker symbol SPCX.
