Left Wastes No Time Bashing Musk, Capitalism
The rocket company's market debut valued SpaceX at $2.1 trillion and transformed approximately 4,400 employees into millionaires, according to reports.
- On June 12, SpaceX debuted on the Nasdaq with a valuation of roughly $2.1 trillion, propelling founder Elon Musk to an estimated net worth of approximately $1.1 trillion.
- Founded by Musk in 2002, the rocket, satellite, and artificial intelligence company raised a record $75 billion during its public offering, cementing its position in the technology sector.
- Some 4,400 SpaceX employees became millionaires following the IPO, with wealth extending to all levels including blue-collar workers and cafeteria staff who shared in the gains.
- Retail investors in Singapore can now trade SpaceX shares via platforms like Tiger Brokers, Moomoo, and Syfe, though analysts advise evaluating the company's ambitious vision with discipline.
- Swissquote senior analyst Ipek Ozkardeskaya warned that the strong rally would "almost certainly be followed by a period of valuation reset," with long-term performance dependent on revenue outlook.
26 Articles
26 Articles
SpaceX is coming to your 401(k) — maybe
SpaceX, Elon Musk’s massive space-exploration-slash-AI company, went public in a record-breaking IPO last week. But even if you’re not buying yet, you could still see the company’s stock in your 401(k) soon via a number of avenues.
In a recent post on his own social network, Elon Musk lamented: “Whoever said that ‘money doesn’t buy happiness’ knew very well what he was talking about.” Now, the richest person in the world will test that claim by adding a new milestone to his record: becoming the first billionaire in history. SpaceX’s shares opened to $150 and closed at $160.95 on Friday, 19 percent above its price after starting trading on Wall Street on Friday. This gave M…
Capitalism works and makes the world better. Unfortunately, there is only one Elon Musk.
Elon Musk became the world's first billionaire with the attention-grabbing IPO of SpaceX.
The space X share increases almost 20 percent on the first trading day and makes Elon Musk the richest person in the world. Whether its new shareholders become rich is not certain.
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