SpaceX IPO: Banks, Musk, and Your Money
Part of composite article SpaceX IPO Rockets 19% on Day One, Market Cap Hits $2.1 Trillion View full article →
SpaceX is preparing to sell shares to the public for the first time. This initial public offering, or IPO, will let everyday investors buy a piece of the rocket company. The move also affects big banks handling the sale and founder Elon Musk. For investors, it means a chance to own stock in a private space firm. For banks, it brings fees and prestige. For Musk, it unlocks more capital for future missions.