Elon Musk became the worlds first trillionaire after shares of his rocket company SpaceX soared in Wall Streets biggest initial public offering of stock.
Shares in SpaceX jumped 24% after opening for trading at noon Friday, a sign that investors are looking past the billions the company is losing and instead betting that its massive investments in satellites, orbital data centers and artificial intelligence will pay off in the future.
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Elon Musk became the worlds first trillionaire after shares of his rocket company SpaceX soared in Wall Streets biggest initial public offering of stock. Shares in SpaceX jumped 24% after opening for trading at noon Friday, a sign that investors are looking past the billions the company is losing and instead betting that its massive investments in satellites, orbital data centers and artificial intelligence will pay off in the future.