SpaceX, Elon Musk’s conglomerate of space and AI companies, has joined the stock market and made him the world’s first trillionaire.
The rocket maker jumped 11% as the stock opened for trading on Friday, giving the company a market value of $1.96 trillion – enough to make its Chief Executive, Musk, a trillionaire.
It was the highest IPO in history with proceeds of $75 billion, as institutional and retail investors jumped at the opportunity to buy 555.6 million shares at the offering price of $135 (£100) apiece.
Also on the programme:
– Prime Minister Keir Starmer has defended his decisions on military funding following the resignations of both the defence secretary, John Healey, and the minister for armed forces, Al Carns.
– Around one million Year 13 pupils and those under 25 starting university this autumn will be offered the Meningitis B (menB) vaccine, the Government has announced.
– And, thousands of Scotland fans have descended on Boston after making the long journey to the US for the World Cup.
————————————————
For more of the biggest news stories in the UK and around the world, visit the ITV News YouTube channel: http://bit.ly/2lOHmNj
• Subscribe to ITV News In Full on YouTube: https://www.youtube.com/@ITVNewsInFull
• Get breaking news and more stories at: http://www.itv.com/news
• Follow ITV News on TikTok: https://www.tiktok.com/@itvnews?lang=en
• Follow ITV News on Instagram: https://www.instagram.com/itvnews/
• Follow ITV News on Facebook: https://www.facebook.com/itvnews/
• Follow ITV News on X: https://twitter.com/itvnews
