TECH NEWS

Elon Musk is now worth more than $1,000,000,000,000

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Retail investors lined up to get a handful of Musk's magic beans in SpaceX's debut

UPDATED SpaceX priced its blockbuster initial public offering at $135 a share on Friday, raising $75 billion and valuing Elon Musk's rocket biz at roughly $1.78 trillion. Retail investors piled in to get a handful of Musk's magic beans, sending shares up 19% on the first day, valuing the company at over $2.1 trillion, and turning the South African native into the world's first trillionaire based on his stakes in both SpaceX and Tesla.

The haul for the space exploration and satellite company could rise to about $86 billion if underwriters exercise their option to buy more stock, making it the largest IPO in US history.

The company confirmed [PDF] that 555.6 million shares of Class A common stock were sold in the offering, with another 83.3 million available to underwriters.

SpaceX is a loss-making...

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Oxmiq, which aims to combine GPUs, CPUs, and a tensor engine into a single block of IP that it can license, raised $35M led by Samsung Catalyst Fund and Fudomo

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