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CSB News USA · 4:29 PM
While Elon Musk may soon become the world's first trillionaire, the public debut of SpaceX is also set to transform the lives of thousands of current and former employees
While Elon Musk may soon become the world's first trillionaire, the public debut of SpaceX is also set to transform the lives of thousands of current and former employees. In 2011, as Trevor Hise was preparing to graduate from college, his parents encouraged him to take a stable job at General Electric. Instead, he chose to stay with a young startup he loved—SpaceX. He worked there for 12 years. Today, Hise owns more than 100,000 SpaceX shares earned during his time at the company. With SpaceX expected to go public at $135 per share, his stake could be worth at least $13.5 million. The former launch engineer, now semi-retired at age 37, said the scale of his newfound wealth is hard to believe. SpaceX’s IPO is expected to be one of the largest in history. The company is projected to debut with a valuation of $1.77 trillion, making it one of the most valuable companies in the world. The offering will make many wealthy investors even richer, including Elon Musk…
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US
Trump Signs Bill Providing Nearly $70 Billion for Immigration Enforcement Through End of His Term
U.S. President Donald Trump signed a bill into law on Wednesday that provides nearly $70 billion to support his immigration enforcement and deportation agenda for the remainder of his presidency. Under the legislation: $38 billion will go to U.S. Immigration and Customs Enforcement (ICE). $26…
World
Anti-Immigrant Violence Erupts Across Belfast After Knife Attack
A wave of anti-immigrant violence broke out across Belfast on Tuesday night following a knife attack that left a man seriously injured and resulted in a Sudanese national being charged with attempted murder. Masked protesters attacked homes, set vehicles on fire, and clashed with police…