SpaceX Breaks Records with Huge Share Sale
SpaceX announced the biggest share sale in history. The company will sell shares for 135 dollars each. They will raise 75 billion dollars. This sale will make Elon Musk the world's first trillionaire. Many investors want these shares. The company might sell even more shares because of the high demand. People will trade the shares on the Nasdaq market very soon.
SpaceX is a very famous and important space company. Elon Musk is the famous leader of this company. Yesterday, the company announced a very big financial plan. They will sell shares on the stock market. One share will cost exactly 135 dollars for buyers. The company will sell over 555 million new shares. In total, SpaceX will get 75 billion dollars. This is the biggest share sale in history. In 2019, a company called Saudi Aramco set a record. They raised 24 billion dollars from their share sale. Now, SpaceX easily breaks that old record from 2019. With this sale, Elon Musk will become a trillionaire. He is the first trillionaire in the world. People will trade the shares on the Nasdaq market. They will use the letters SPCX on the market. Many investors around the world really want these shares. In fact, people asked for four times the available shares. Because of this, SpaceX might sell more shares. They can sell another 83 million shares to people. This will bring in 11 billion dollars more. Some financial experts predict the future price of shares. They think the price will go up fast. They guess the price will reach 167 dollars on the first day. SpaceX has many difficult and exciting projects for tomorrow. They want to build the biggest rocket in history. They also want to make new American computer chips. Elon Musk wants to put a million people on Mars. He owns many millions of shares in the company. He has 850 million Class A shares right now. He also has over 5 billion Class B shares. Other leaders will make a lot of money. Antonio Gracias owns 503 million shares of the company. His many shares are worth almost 68 billion dollars. Board member Luke Nosek holds exactly 33 million shares. Leader Gwynne Shotwell has about 12 million shares today. Many other investors gave money to SpaceX in the past. Over 20 years, they gave 40 billion dollars. Now, all of their early investments will grow fast. Many small investors will also get a lot of money. They will wait some time for their profits.
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What company held the previous record before SpaceX?
Future with 'will'
Use 'will' to state facts about the future or make predictions.
“With this sale, Elon Musk will become a trillionaire.”
What to know · A2
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Scenario: Talking about future events and business plans.
- 01“They will sell it.”
- 02“It will cost more.”
- 03“The price will go up.”
Register tip · informal
🔑Key Phrases
This tells us the future action of the company regarding its ownership.
They will sell apples at the market.
This shows how big and important the new achievement is compared to the past.
He easily breaks the running record.
This is a prediction about what will happen to the money.
They think the weather will get better fast.
🎙️ Article Audio — Kokoro TTS
SpaceX Breaks Records with Huge Share Sale
Adapted from TechCrunch · Read the original. LinguaPress rewrites the facts as original graded-reader text for language learners.
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