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Author: vanguardngr.comPublished on: June 12, 2026Country: Nigeria

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Musk’s $1.8 trillion SpaceX IPO could be ‘highly undesirable’ for some

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Andy Hirschfeld•3h ago

Musk’s $1.8 trillion SpaceX IPO could be ‘highly undesirable’ for some

SpaceX is set to go public on Friday with the largest IPO in history, valued at nearly $1.8 trillion, or $135 per share. The Elon Musk-led company will allocate 20% of shares to retail investors and has drawn about $70 billion in orders. Nasdaq changed its rules to allow SpaceX to enter the Nasdaq-100 index after just 15 trading days, but S&P Dow Jones did not change its rules. Despite enthusiasm, concerns persist about potential overvaluation.

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vanguardngr.com•4h ago

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