RioPlex-based tech company launches at $2 trillion in market debut - Rio Grande Guardian
STARBASE, Texas - Elon Musk's tech company, SpaceX, began trading on the stock market on Friday, pushing the company to a valuation of $2 trillion.
The aerospace, rocket, satelitte and AI giant priced its initial public offering at $135 per share, but shares traded above $150 during Spacex's first day on the NASDEQ. Musk owns about 40% of Spacex's shares.
The increase in market value made Musk the first person whose net worth hit approximately $1.1 trillion.
The milestone carries significan...
The aerospace, rocket, satelitte and AI giant priced its initial public offering at $135 per share, but shares traded above $150 during Spacex's first day on the NASDEQ. Musk owns about 40% of Spacex's shares.
The increase in market value made Musk the first person whose net worth hit approximately $1.1 trillion.
The milestone carries significan...