Wake Up, SpaceX Shareholders: Up to $47 Billion in Insider Selling Pressure Is Set to Hit the Tape Today, Sept. 9
Elon Musk’s space infrastructure and artificial intelligence (AI) company has reached its next dubious milestone.
Overview
On June 12, Elon Musk's Space Exploration Technologies (SpaceX) (NASDAQ:SPCX) burst onto the scene with the largest initial public offering (IPO) in Wall Street's storied history. SpaceX priced its shares at $135, giving the company an initial valuation of $1.77 trillion, and raised a record $85.7 billion from its IPO, including the underwriters' overallotment.
Nearly three months later, SpaceX is set to make history yet again -- albeit the dubious kind.
Image source: Getty Images.
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Originally published at www.fool.com.
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