- cross-posted to:
- world@lemmy.world
- cross-posted to:
- world@lemmy.world
SpaceX made the biggest stock market debut in history on Friday after nearly two and a half decades as a private company.
Public trading began around midday with a starting share price of $150, which quickly jumped by a double digit percentage and sent the company’s valuation above $2tn, where it remained through market close.
The company’s initial public offering made the company’s CEO, Elon Musk, the world’s first trillionaire.
And given that this garbage isn’t profitable and has no hope of becoming profitable, he’s soon to be the world’s first former trillionaire.
No he’ll sell enough to not fall below and leave everyone else’s retirement savings holding the bag. Fucking ghoul.