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The Independent UK
The Independent UK
Josh Marcus

SpaceX’s record-setting IPO is now fueling luxury home sales in Los Angeles

This month’s historic, $85 billion SpaceX initial public offering is expected to drive a luxury housing boom in Los Angeles, where Elon Musk’s rocket company has a large base of operations.

The stock sale, which temporarily made Musk the world’s first trillionaire, is projected to mint at least 4,000 new millionaires between current and former employees.

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