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The Nexus
BUSINESSJun 12 · 20:51 UTCWPLG LOCAL 10 MIAMIBy BERNARD CONDON, Associated Press

SpaceX stock soars in debut and makes Elon Musk the first trillionaire

Elon Musk became the first trillionaire as SpaceX's stock surged in its initial public offering, with shares rising over 19% and giving the company a $2.1 trillion market value. SpaceX cited funding for satellites, orbital data centers, and Mars colonization as reasons for the IPO, which raised $75 billion, surpassing Saudi Aramco's previous record.

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