SpaceX's roadshow will begin on Thursday. Musk must hold his SpaceX shares for 366 days after the IPO.
SpaceX's roadshow will begin on Thursday. This roadshow, expected to be one of the most anticipated IPO roadshows in recent years, will give potential investors the opportunity to meet with SpaceX executives, while investment bankers work to create demand for a record-breaking $75 billion subscription order book. It was reported earlier that the company is considering allocating as much as 30% of the offering to individual investors, this unusually large retail allocation is intended to leverage Musk's almost "cult-like" following and expand the company's shareholder base. Sources say Musk will have to hold his SpaceX shares for 366 days after the IPO, sending a signal to investors that he will not sell any shares. The funds raised from this IPO will be used to expand artificial intelligence computing resources and the SpaceX satellite network.
Latest

