SpaceX shares jumped 19% in their Nasdaq debut on Friday, sending the company’s value past $2 trillion to make it the sixth-biggest U.S. company by value and turning Elon Musk into the world’s first trillionaire.
Investors jumped at the chance to get a piece of Musk’s sprawling empire spanning rockets, satellites and AI after the record-setting $75 billion IPO.
More than 510 million shares worth about $84 billion changed hands, even though SpaceX is currently unprofitable and generated only a fraction of the revenue brought in by similarly valued tech giants.
source & further reading
japantimes.co.jp — original article
Kioxia becomes Japan’s most valuable firm as AI mania goes on
Ukraine’s AI drones have given Kyiv a fresh edge on the battlefield
Japan’s real AI problem is not technology. It is trust.