SpaceX Stock Starts Trading This Week. Here's What to Expect.
It's scheduled to be the largest-ever IPO, by far.
Overview
SpaceX is slated to be the biggest initial public offering (IPO) ever on the stock market. Management is plans to offer 555,555,555 shares at $135 each to raise $75 billion. To put that in perspective, the most a company ever raised was $26.5 billion by Saudi Aramco in 2019, and the most raised on a U.S. stock exchange was $21.8 billion by Alibaba in 2014.
It's a historic moment, and it's planned for this week. Here's what to expect.
Details
According to Reuters, SpaceX plans to offer as much as 30% of the share sale to retail investors. It's unusual for any IPO stock to go to retail investors, although it's been happening through online trading platforms like Robinhood Markets (NASDAQ: HOOD) and SoFi Technologies (NASDAQ: SOFI). The company is aiming to raise a lot of money, and it might need the extra demand.
Source
Originally published at www.fool.com.
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