SpaceX to list on US stock market today after raising $75bn in largest IPO ever - business live
SpaceX has launched its initial public offering, raising $75 billion and pushing the company's valuation over $2 trillion. The resulting surge in share price has made Elon Musk the world's first trillionaire.
Why it matters
Marks a historic milestone in global finance and wealth concentration, sparking debate regarding the influence of individual billionaires on democracy.
The jump in SpaceX’s share price today, as its floats on the US stock market, means Elon Musk has become the world’s first trillionaire.
The inclusion of Oxfam's quote labeling the event 'a dark day for democracy' introduces a critical, ideological perspective on wealth accumulation.
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