News@lemmy.worldEnglish · 2 days ago

SpaceX makes largest ever stock market debut, making Elon Musk world’s first trillionaire

www.theguardian.com

cross-posted to:
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SpaceX makes largest ever stock market debut, making Elon Musk world’s first trillionaire

www.theguardian.com

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News@lemmy.worldEnglish · 2 days ago

cross-posted to:
[email protected]

SpaceX to list on US stock market at historic $1.77tn valuation

www.theguardian.com

Initial public offering for aerospace and AI company made Musk the world’s first trillionaire as share prices jumped

SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.

Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close.

The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.

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1 day ago
The way all the news outlets report on this like it is a good thing someone hoards so much wealth. Just ugh.

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