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On the evening of June 12 (Beijing Time), SpaceX made its official debut on the Nasdaq stock exchange under the ticker symbol SPCX. The IPO priced shares at $135 each, raising approximately $75 billion—a record-breaking figure that marks the largest initial public offering in U.S. stock market history. This valuation placed the company’s total worth at roughly $1.77 trillion. On its first day of trading, SpaceX’s share price surged to $174, climbing 29% above the offering price and propelling its market capitalization to $2.28 trillion. With Musk retaining a 42% stake in the company, his shareholding alone is now valued at $959 billion. When combined with his estimated $320 billion worth of Tesla shares, Musk’s total net worth has officially exceeded $1 trillion, crowning him the world’s first trillionaire.
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