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The Nexus
BUSINESSJun 12 · 16:31 UTCWPLG LOCAL 10 MIAMIBy BERNARD CONDON, Associated Press

SpaceX soars 23% in Wall Street debut and makes Elon Musk the first trillionaire

SpaceX's shares surged 23% in their Wall Street debut, giving the company a $2.18 trillion market value and making Elon Musk the first-ever trillionaire. The IPO raised $75 billion, surpassing Saudi Aramco's 2019 record, as investors backed SpaceX's ambitious goals for space colonization and AI advancements despite the company's $8.7 billion loss in the past year.

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