Elon Musk’s trillion-dollar moment didn’t last long, but…
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Elon Musk’s trillion-dollar moment didn’t last long, but it still showed just how central SpaceX has become to his empire.
The aerospace giant’s historic IPO became the largest public offering ever, raising a record $75 billion and pushing SpaceX’s valuation above $1.7 trillion. The debut briefly sent Musk’s net worth past $1 trillion, making him the first person ever to reach that mark.
Then came the volatility. SpaceX erased roughly $400b in market value in a single day, while Musk’s fortune fell about $240b from its peak over the following week.
The aerospace giant’s historic IPO became the largest public offering ever, raising a record $75 billion and pushing SpaceX’s valuation above $1.7 trillion. The debut briefly sent Musk’s net worth past $1 trillion, making him the first person ever to reach that mark.
Then came the volatility. SpaceX erased roughly $400b in market value in a single day, while Musk’s fortune fell about $240b from its peak over the following week.
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