SMH
·general
·2 hours ago
SpaceX IPO soars to $2.52 trillion despite $4.3 billion loss
SpaceX became the world's most expensive stock following its IPO, reaching a market value of $2.52 trillion within two days. Elon Musk's company, despite reporting a $4.3 billion loss in the first quarter, attracted immense investor enthusiasm and secured over $85 billion from the float. SpaceX's high price-to-sales ratio compares starkly with established mega-companies.
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