SpaceX's shares surged nearly 20% on their first full trading day after the company's historic IPO, raising Elon Musk's net worth by about $165 billion to a record $1.3 trillion. This milestone makes Musk the world's first trillionaire, far ahead of the second-richest person, Larry Page. SpaceX raised $85.7 billion in its IPO, with strong demand from both retail and institutional investors. Musk owns about 38% of SpaceX, including shares and stock options, solidifying his position as the richest person globally.
Following the high-profile SpaceX IPO, experts highlight Tesla as another promising Elon Musk company, especially through the leveraged ETF TSLL which aims to deliver 200% of Tesla's daily stock performance. Key growth drivers include Tesla's advance...
Elon Musk's net worth surged by over $110 billion to reach a record $1.2 trillion following a 14% rise in SpaceX shares after its historic IPO. The IPO raised $85.7 billion, with strong demand pushing the total offering to over $350 billion, includin...
Tesla has been accused of presenting misleading safety data to European regulators to gain approval for its Full Self-Driving (FSD) system. Independent researchers and Reuters found that Tesla exaggerated its safety claims by using unrealistic assump...
Elon Musk's net worth surged by more than $90 billion to a record $1.2 trillion following an 11% rise in SpaceX shares after its historic IPO. SpaceX raised $85.7 billion in the offering, with strong demand pushing the total to over $350 billion incl...
Regulators in Sweden and the Netherlands claim Tesla supplied misleading data regarding its Full Self-Driving (FSD) system's safety to gain approval for widespread use. Tesla had previously asserted its FSD-equipped vehicles were ten times safer than...
