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Today — 5 July 2026Main stream

Will SpaceX Fortunes Trickle Down to This Texas Town?

16 June 2026 at 01:03
Elon Musk built a huge complex outside the city of Bastrop, population 14,000. Its residents now wonder what the historic SpaceX initial public offering might mean for them.

© Montinique Monroe for The New York Times

North Main Street in downtown Bastrop, Texas. The town’s population has boomed since Elon Musk built a complex of his companies nearby.
Before yesterdayMain stream

Elon Musk Becomes World’s First Trillionaire as SpaceX Stock Begins Trading

With SpaceX shares soaring 20 percent on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.

© Adrees Latif/Reuters

Elon Musk, the chief executive of SpaceX, in 2022 at the company’s facility in Brownsville, Texas.
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