A1June 11, 2026·2 min read·301 words·5 vocab words·Source: TechCrunch

SpaceX Sells Shares and Makes History

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SpaceX Sells Shares and Makes History
Photo: TechCrunch
In brief

SpaceX is a big space company. Today, it sells shares to people. One share is 135 dollars. The company gets 75 billion dollars. This is the biggest share sale ever. Elon Musk is the boss. Now, he is the first trillionaire. Many people want these shares. This is a big day.

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SpaceX is a big space company. Elon Musk is the boss. The company sells shares today. People can buy the shares. One share is 135 dollars. The company gets 75 billion dollars. This is a very big deal. It is the biggest share sale ever. An oil company has the old record. They have 24 billion dollars. Now, SpaceX is number one. Elon Musk is a very rich man. Now, he is the first trillionaire. The shares are on the Nasdaq market. The letters for the shares are SPCX. Many people want these shares. The company has 555 million shares. People want four times this number. So, the company can sell more shares. They can sell 83 million more shares. They can get 11 billion dollars more. People guess the new price. They think the price goes up. They think the price is 167 dollars soon. SpaceX has many big plans. They want a very big rocket. They want to make computer chips. They want a million people on Mars. Elon Musk has many shares. He has Class A shares. He has 850 million of these. He has Class B shares too. He has 5 billion of these. Antonio Gracias is a business leader. He has 503 million shares. His shares are 68 billion dollars. Luke Nosek is a leader too. He has 33 million shares. Gwynne Shotwell has 12 million shares. Many groups give money to SpaceX. They give 40 billion dollars before. Now, these groups get more money. Many small buyers have shares too. They wait for their money. They are very happy today. SpaceX is a very famous company. People look at the company today. The share price can go up. The share price can go down. People wait and watch the market. This is a big day.

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Comprehension
Question 1 of 3

How much is one share of SpaceX?

Grammar spotlight

Present Simple for Facts

One point · A1

Use the present simple tense to talk about things that are always true or facts right now.

From this article

SpaceX is a big space company.

What to know · A1

Use it today

Try saying this aloud

Neutral register

Scenario: Talking about business and money in simple terms.

  1. 01The company is big.
  2. 02He is very rich.
  3. 03I want to buy.

Register tip · informal

🔑Key Phrases

The company sells shares today.The business gives parts of itself for money right now.

This tells us what the main event is.

Present simple verb 'sells' with a time word 'today'.

The store sells fruit today.

Now, he is the first trillionaire.At this moment, he is the number one person with a trillion dollars.

This is a very important fact about Elon Musk's money.

Adverb 'now' with 'to be' verb 'is'.

Now, she is the boss.

Many people want these shares.A lot of buyers desire to have these parts of the company.

This shows that the company is very popular.

Subject 'many people' + present simple verb 'want'.

Many people want these phones.

🎙️ Article Audio — Kokoro TTS

SpaceX Sells Shares and Makes History

Adapted from TechCrunch · Read the original. LinguaPress rewrites the facts as original graded-reader text for language learners.

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