Elon Musk is officially the world’s first trillionaire. On Friday, SpaceX’s initial public offering, or IPO, shot up the valuation of the space exploration and AI company to an astronomical $1.77 trillion, the largest IPO and corporate valuation in history. Musk’s controlling share of the corporation’s stock pushed his already astronomical net worth of around … Read more
There are thousands of billionaires across the world. But there is only one trillionaire. Elon Musk became the first person to amass a personal fortune of over $1,000,000,000,000—that’s 12 zeros—after shares of his rocket company SpaceX debuted on the Nasdaq stock exchange on Friday. SpaceX’s initial public offering on Thursday valued the company at nearly … Read more
Rocket company CEO now worth more than three times the world’s second-richest person, as well as 46 percent of the world’s population combined Elon Musk is poised to become the world’s first trillionaire as SpaceX’s IPO opened on Wall Street with a higher-than-anticipated share price. SpaceX’s soaring stock price — $169 at press time after … Read more
Elon Musk is officially the world’s first trillionaire after his SpaceX tech company debuted Friday at $150/share, 11% higher than the company’s IPO pricing. SpaceX — rocket manufacturer, satellite internet service provider, AI firm and owner of X (aka Twitter) all rolled into one — had already officially set a record for the biggest IPO … Read more
One thing that seems certain about the SpaceX IPO is that it’s going to make lots of people very, very rich. Another is that you probably won’t be one of them. At least not any time soon. There’s extraordinary interest in Elon Musk’s rocket-and-AI company’s public debut, and for good reason. SpaceX was already the … Read more
Brian Manning encountered SpaceX’s culture of extreme ownership from day one as an engineer at the rocket maker. After a one-hour onboarding session a decade ago, he got his first assignment: Design a small part by the next day. “The way I looked at it is having very clear responsibility, autonomy, and accountability,” says Manning, … Read more
Brian Barrett: Noah, you are a celebrated, venerated national security journalist. You are. You have covered national security for a long time and you have covered, for lack of a better word, real spy stuff. You’ve been deep in it. How does that compare to this in terms of source handling in terms of the … Read more
Elon Musk’s SpaceX — rocket manufacturer, satellite internet service provider, AI firm and owner of X (aka Twitter) all rolled into one — has officially set a record for the biggest IPO in history with its initial stock pricing. SpaceX on Thursday confirmed the pricing of its IPO of 555.6 million shares of its Class … Read more
In the middle of New York City’s Times Square, a massive, inflatable effigy of billionaire Elon Musk towered over tourists and commuters earlier today. It was surrounded by black banners with statements alleging “Grok makes AI child porn” and “SpaceX owns Grok,” referring to the Musk-owned AI chatbot whose image generation tool was used to … Read more
SpaceX, Elon Musk’s behemoth company that launches rockets and runs data centers, is set to go public Friday with a target valuation above $1.75 trillion. The move will make Musk, already the richest man in the world, vastly wealthier. A public offering will allow SpaceX to raise even more money to fund its AI ambitions, … Read more