Elon Musk is Now the World's First Trillionaire
Elon Musk has become the first person in history to worth $1 trillion. This happened because shares of his rocket company, SpaceX, went on sale to the public for the first time on Friday.
On their very first day of trading, SpaceX shares jumped up by 11%, reaching a price of $150 each.
Key Details of the Big Event
A Massive Success: This was the biggest "Initial Public Offering" (IPO)—which means selling company shares to the public—in history.
Big Money Raised: The sale raised more than $75 billion for the company.
The Mission Continues: Elon Musk, a leader who often divides public opinion, promised again that he will use his wealth and technology to send humans to Mars.
What This Means for the Future
Experts believe the massive success of SpaceX's stock launch will encourage many Artificial Intelligence (AI) companies to start selling their own shares on the stock market in the coming months.
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