At no point in this report does it mention the S&P have changed their rules for this IPO, requiring investment funds to hold SpaceX stock when according to the old rules it would be ineligible.
Elon will essentially scrape money from everyone's pensions.
Alex Curran
SpaceX targets biggest ever stock market debut, putting Musk on course to be trillionaire
www.theguardian.com
IPO could raise up to $75bn, giving SpaceX market value of $1.75tn as it sets up Musk for extraordinary wealth
Space X is seeking to raise about $75bn through its imminent initial public offering, a company filing on Wednesday revealed, which would make it the largest IPO ever.
If the stock market launch – primed for next week – goes accordingly, founder Elon Musk, the world’s wealthiest person, could be poised to make history as the first trillionaire. Continue reading...
