The 12 Scariest Words in SpaceX's Prospectus All but Confirm an Imminent Fleecing of Retail Investors
If you thought SpaceX was done raising capital after its $75 billion initial public offering (IPO), guess again!
The 12 Scariest Words in SpaceX's Prospectus All but Confirm an Imminent Fleecing of Retail Investors
Overview
It's now official: Elon Musk's SpaceX (NASDAQ: SPCX) has surpassed overseas oil titan Saudi Aramco as the largest initial public offering (IPO) in stock market history! SpaceX raised $75 billion by selling roughly 555.6 million shares and ended its first trading day with a valuation of approximately $2.1 trillion. This makes it the seventh-most-valuable public company on U.S. exchanges.
It's understandable why investors are so excited. SpaceX combines two of Wall Street's hottest addressable opportunities under one company -- artificial intelligence (AI) and the space economy -- and is led by Musk, who turned electric-vehicle maker Tesla into a $1.5 trillion business.
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Originally published at www.fool.com.
