SpaceX IPO Update

SpaceX has just completed the largest initial public offering in history, raising $75 billion at a valuation of $1.77 trillion. OpenAI and Anthropic are expected to follow to the public markets soon. Together, these three listings are set to produce a new cohort of extraordinarily wealthy individuals, many of them young, many of them first-time recipients of life-altering sums. Melinda French Gates, who has spent decades thinking about what the ultra-wealthy should do with their fortunes, has clear and direct advice for all of them.