SpaceX shares soar after largest-ever IPO, making Elon Musk the world's first trillionaire
Elon Musk has become the world's first trillionaire, after his company SpaceX went public on the Nasdaq exchange in New York City. On the first day of trading, the share price closed just shy of US$161 — a nearly 20% increase on its IPO price — to give SpaceX a market cap of US$2.1 trillion. However, questions remain about whether the company is overvalued, especially amid warnings from SpaceX itself that it may never be profitable. Nick Harper reports from Washington DC.
Elon Musk has become the world's first trillionaire, after his company SpaceX went public on the Nasdaq exchange in New York City. On the first day of trading, the share price closed just shy of US$161 — a nearly 20% increase on its IPO price — to give SpaceX a market cap of US$2.1 trillion. However, questions remain about whether the company is overvalued, especially amid warnings from SpaceX itself that it may never be profitable. Nick Harper reports from Washington DC.
Popular Shows
