👹 Elon Musk’s SpaceX goes on the market tomorrow. Rather than provide a range & then price the deal based on demand, as is customary in Initial Public Offerings, Musk has set a take-it-or-leave-it price of $135 per share. He anticipates the resulting corporation will be valued at $1.77 trillion.
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open.substack.com
Tomorrow's I.P.O. of SpaceX could turn out to be the universe's largest Ponzi scheme, and you and I are paying part of the price whether we like it or not.
