economy

SpaceX's Surge on Debut Makes Elon Musk World's First Trillionaire

Rocket and AI group's shares jumped by nearly a fifth after raising $75bn in record initial public offering

SpaceX's Surge on Debut Makes Elon Musk World's First Trillionaire

TL;DR

  • Shares of a rocket and AI group increased by nearly 20%.
  • The company raised $75 billion in an initial public offering.
  • This IPO is noted as a record-breaking event.
  • The company's founder has become the world's first trillionaire.