Elon Musk is the world’s first trillionaire (on paper) thanks to the SpaceX IPO

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Welcome to history’s first trillionaire. Sort of.

Elon Musk’s SpaceX, a rocket, satellite internet and artificial intelligence company that’s bleeding cash and has puny sales compared to established technology giants, announced Thursday the price for its initial public offering of $135 per share. The step sets up a blockbuster IPO that ranks as the largest in history, at about $75 billion.

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