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SpaceX Plans IPO, Potentially Making Elon Musk the First Trillionaire

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SpaceX has announced its intention to go public, a move that could significantly increase Elon Musk's wealth and potentially make him the world's first trillionaire. Founded in 2002, SpaceX transitioned from a rocket company to a telecommunications giant with its Starlink internet service in 2021. The IPO is expected to generate substantial revenue for the company, which has already established itself as a leader in the private space sector. This development follows Musk's merger of SpaceX with his AI venture, xAI, earlier this year, further expanding the company's portfolio.

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