Elon Musk:Lessons for Nigeria by Augustine Togonu-Bickersteth

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Augustine Togonu-Bickersteth

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Jun 12, 2026, 11:40:43 AMJun 12

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This is what Nigeria can do with the Nigerian exchange as reported today June 12 2026 democracy day in the guardian newspaper nigeria 🇳🇬.

Elon musk is raising money for a company valued over a trillion dollars!

60.million nigerians betting every day is not the way forward. There are only 6 million nigerians investing in the nigerian exchange!! And nigerias population is 240 million. Usa population of 310 million plus has over 150 miliion Americans investing in stocks and shares.

SpaceX begins trading Friday June 12 2026 under the ticker SPCX after the biggest initial public offering ever.

Elon Musk and SpaceX President and COO Gwynne Shotwell rang the opening bell on Friday, with Musk in Texas and Shotwell at the Nasdaq in New York City.

The reusable rocket company said in a filing with the Securities and Exchange Commission late Thursday that it’s raising $75 billion, selling 555.6 million shares for $135 a piece. The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla, Musk’s electric vehicle maker.

Musk said on a JPMorgan Chase livestream before the IPO that SpaceX had been cash-flow positive since around 2015. He said he wanted to take SpaceX public now to raise capital for “a significant growth phase,” with plans to put over 100,000 satellites in orbit for communications, and to build artificial intelligence data centers in space, among other initiatives.