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SpaceX IPO Raises $75 Billion in Biggest Debut of All Time
Bloomberg's Ed Ludlow and Bailey Lipschultz break down the final developments from Space X as the company prepares to go public with a record-breaking IPO on Friday. Elon Musk's aerospace company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each, according to a statement on its website Thursday. When asked about what's driving the interest despite the lack of current profits, Ludlow says that many investors believe that profitable opportunities that Space X have set out for the future, including data centers in space, may occur even sooner that the company is predicting. (Source: Bloomberg)
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