Africa Argentina Australia Colombia Denmark Economy Elon Musk European Finance France Germany Investment IPO Malaysia Netherlands New Zealand Norway Outer Space Philippines Retail Saudi Arabia Singapore South Africa South Korea Space Force
By Manya Saini and Suzanne McGee June 7 (Reuters) – SpaceX’s long-awaited initial public offering, expected to fetch a $1.75 trillion valuation, has set off a frenzy among retail investors clamoring for a share of Elon Musk’s rocket, satellite and AI empire. It has become one of the biggest FOMO trades of the year, despite SpaceX’s lack of profits, drawing so much investor demand ahead of the IPO that bankers have already received twice as many orders as available shares. SpaceX has reportedly earmarked as much as 30% or $22.5 billion in shares for retail investors, a rare move for…
News Timeline:
Track the development of this news story across the Internet.