Explore the latest developments concerning Why the SpaceX.
Why the SpaceX IPO is a peak passive moment for capital markets
For all the fear and loathing about SpaceX’s fast-tracked entry into passive market indices, investors are realising that everything is actually active.
On Friday, the SpaceX initial public offering suffered a major setback. Index provider S&P Global said it would not change its rules to fast-track the inclusion of Elon Musk’s company in its index.
SpaceX would have to wait a minimum of 12 months, have a free float of at least 10 per cent and meet profitability tests if it is to be added to the S&P indices, which are closely tracked by trillions of dollars in institutional capital and exchange-traded funds.
Why some Australian investors will risk punting on Musk’s $2.5 trillion space vision
Yee-haw! Elon Musk is offering Australian investors their own special opportunity to buy a small piece of his wild space dream – the listing of his $US1.77 trillion ($2.5 trillion), YES TRILLION, SpaceX.
This is one for the adrenaline junkies. It’s a ride without a harness, airbags or safety nets, and few road rules.
The Australian corporate regulator has even required some modifications in a special Australian addendum to the SpaceX prospectus – so that Australian investors get an extra layer of warnings about how they could potentially lose their money in the SpaceX float, which is scheduled for this week.
As leading Australian retail broker, Commonwealth Bank has even come to the party, enabling those with CommSec accounts to take part in the raising or trade shares once listed.
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SpaceX IPO: how can I buy shares, and what are the risks?
Elon Musk firm plans the biggest stock market launch in history – but experts have flagged potential downsides
It’s being billed as the biggest stock market launch in history. Shares in Elon Musk’s SpaceX are poised to be released on 12 June with a valuation of $135 (£100.84). The company plans to sell 555.6m of them, which means it will raise $75bn from the sale.
On Friday, it was reported that up to a quarter of the shares could be reserved for individual investors, rather than funds and banks. This is a bigger share than is typically the case in a large initial public offering (IPO).
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