SpaceX, IPO and Elon Musk
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Space Exploration Technologies Corp, or SpaceX, is looking to raise some $75 billion from its stock market debut, potentially making owner Elon Musk the world's first trillionaire. SpaceX aims to price its initial public offering (IPO) of around 556 million shares at $135 each,
Elon Musk's ownership stake in SpaceX has reached a paper value of more than $866 billion following the company's updated initial public offering filing.
Jeff Bezos' Blue Origin faces a major setback after a rocket explosion damaged its launch pad, potentially impacting future satellite and Moon missions.