SpaceX's massive IPO: all the latest news
The Verge is tracking SpaceX's initial public offering, which let the public buy shares of the combined rocket, AI, and social media company for the first time. The offering raised enough money to make Elon Musk the first trillionaire on paper, with his wealth tied to a business that includes launching AI data centers into space. The stock, trading as SPCX, opened at $150 per share.
Key Takeaways
- SpaceX's IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire.
- He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa ( CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space.
- SpaceX reportedly rented out Colossus 1 AI data center after it ran into latency issues.
The world's first trillionaire is a killer Forbes Real-Time Billionaires list adds a trillionaire.
- SpaceX is now public Elon Musk is encouraging race riots on the eve of SpaceX's IPO Here's the first SpaceX AI data center.
- Follow along here for the latest updates.
Stats & Key Facts
- #He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa ( CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space.
- #A trillion dollars is a stupid amount of money Elon Musk is the world's first trillionaire SPCX opens at $150 per share.
SpaceX's IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire. He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa ( CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space. Follow along here for the latest updates.
SpaceX reportedly rented out Colossus 1 AI data center after it ran into latency issues. The world's first trillionaire is a killer Forbes Real-Time Billionaires list adds a trillionaire. A trillion dollars is a stupid amount of money Elon Musk is the world's first trillionaire SPCX opens at $150 per share.
For more details please read the original article at The Verge AI.
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