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Salon
Salon
Politics
Brad Badertscher

Elon Musk's big payday from SpaceX IPO

Elon Musk’s SpaceX is becoming a publicly traded company after selling 555.6 million shares in what was the biggest initial public offering in history. But my new research suggests that investors who bought those shares are unlikely to see the explosive growth that past IPOs had.

The rocket, satellite and artificial intelligence company said it raised US$75 billion on June 11, 2026, in the offering, giving it a valuation of $1.77 trillion.

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