SpaceX Surges 30% on Day One. Elon Musk Is Now the World’s First Trillionaire
Summary
SpaceX’s public debut drove a sharp first-day stock surge and lifted its valuation to about $2.3 trillion. The listing made Elon Musk the world’s first trillionaire on paper and created large paper gains for employees and early investors. The article also notes that the IPO could help trigger a new wave of high-profile tech listings, including Anthropic and OpenAI. For Canadian investors, the piece highlights a new SpaceX depositary receipt on the Toronto Stock Exchange.
Funding
Amount
$220.0M
Total raised
Date
January 1, 2019
Announcement date
Investors
Teachers Private Capital, CIBC
Lead investors
Company
spacex.com
Funded company
Classifications
industries
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applications
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AskAI Classifications
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