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SpaceX's Historic IPO: Key Figures and Impact on Investors

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SpaceX has made headlines with its record-breaking IPO, marking a significant moment in the stock market. The company's shares debuted at $135 and surged to $160.95, reflecting a 19.22% increase on the first day of trading. With a market value of $2 trillion, SpaceX is now the sixth-largest publicly traded company in the U.S., and Elon Musk has become the world's first trillionaire with a net worth of $1.26 trillion. The IPO saw unprecedented interest, with Fidelity reporting 500,000 buy orders in under an hour, leading to temporary outages on trading platforms. This event not only affects investors but also the 22,000 SpaceX employees, 4,400 of whom are likely millionaires following the IPO.

Key Details: • IPO price: $135, closing price: $160.95 • SpaceX's market value: $2 trillion • Elon Musk's net worth: $1.26 trillion • 500,000 buy orders received by Fidelity in less than an hour • 4,400 SpaceX employees likely became millionaires

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