Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation
by Aisha Down from on (#74SPC)
Elon Musk's aerospace to AI company will host summer event to try to convince buyers it is worth $2tn
SpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace to artificial intelligence group should be valued at $2tn.
In an unusual move, the company has earmarked a large portion of its shares - potentially up to 30% - for non-professional, non-institutional investors, banking on the popularity of its chief executive, Elon Musk, to help it raise $75bn (about 56bn) in what is expected to be the largest public offering in history.
Continue reading...