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SpaceX plans a big market entry

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Elon Musk owns the company SpaceX. The company builds rockets. The company builds satellites. Now the company enters the stock market. The market entry happens in the middle of June. On June 12 is the start at the Nasdaq market.

The start was planned for the end of June. The check of the papers was very fast. So SpaceX starts now earlier. The price for one share is fixed on June 11. SpaceX wants to collect much money.

The company hopes for 80 billion US dollars. That is about 69 billion Euro. The value of the company is then very high. It could be over 2 trillion dollars. That is a number with 12 zeros.

SpaceX is important for space travel in the USA. The company has also the system Starlink for internet. Artificial Intelligence is also part of it. Elon Musk leads other companies like Tesla. SpaceX and Nasdaq say nothing official yet.

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Definitions

Market entry
A company sells shares to people for the first time.
Nasdaq
A famous and big computer market in the USA.
Artificial Intelligence
Computer programs that learn like people.
Share
A paper that shows that you own a small part of a company.

People

Elon Musk
A very rich man. He owns companies like Tesla and SpaceX.

Locations

USA
A big country. SpaceX is in this country. The Nasdaq is in this country.

Sources

Logo VOL
VOL

Insider: SpaceX plant IPO für Mitte Juni an der Nasdaq

Read now
Logo Zeit
Zeit

Weltraumfirma: Medien: SpaceX plant Börsengang für Mitte Juni

Read now
Logo FAZ
FAZ

SpaceX: Elon Musk plant größten Börsengang im Juni

Read now

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