Circle Your Calendars: Sept. 9 May Be a Huge Day for SpaceX and Its Shareholders
Elon Musk's Space Exploration Technologies is nearing its next major (and dubious) milestone.
Overview
Less than three months ago, on June 12, Elon Musk's Space Exploration Technologies (SpaceX) (NASDAQ: SPCX) rewrote Wall Street's record books. Not only did SpaceX become the largest-ever initial public offering (IPO), but the $85.7 billion raised from its debut, including the underwriters' overallotment, nearly tripled the previous record holder, Saudi Aramco ($29.4 billion).
But SpaceX isn't done making history. Due to its unique share unlock structure, Sept. 9 marks the next major milestone for the company and its shareholders.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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