Episode Details

SpaceX, led by Elon Musk, is set to revolutionize the IPO world by offering up to thirty percent of its shares to retail investors, a significant increase from the typical five to ten percent. The company aims to raise fifty billion dollars at a valuation of over one point eight trillion dollars, potentially breaking records. Retail investors are excited about the opportunity to invest in the space giant, known for its reusable rockets, satellite internet plans, and astronaut missions. SpaceX has chosen specific banks to handle shares for different investor groups, with Bank of America handling U.S. retail buyers and Citigroup covering international retail and big institutions. Morgan Stanley will handle smaller investors via its E-Trade platform, while others target home markets abroad.

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