Musk rewrites IPO playbook with large slice of SpaceX stock for retail investors, source says
North America / United States0 views1 min
Elon Musk is planning to allocate a significant portion of SpaceX's initial public offering to individual investors. The move aims to stabilize the stock after its debut by leveraging Musk's loyal fan base and backers.
Elon Musk is discussing allocating up to 30% of SpaceX's IPO to individual investors. This is at least three times the usual retail slice. The move aims to steady the stock after its debut. Musk is leaning on his fan base and loyal backers. The plan is still being discussed. Details are emerging about the potential IPO.
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