The Kobeissi Letter (@KobeissiLetter) “This is absolutely insane: The SpaceX IPO has now drawn more than $70 BILLION wo” — TopicDigg
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This is absolutely insane:
The SpaceX IPO has now drawn more than $70 BILLION worth of retail orders alone.
SpaceX is raising $75 billion, making retail interest ALONE enough to nearly fill the entire sale.
To put this in perspective, the previous record IPO was Saudi Aramco in 2020 at $29.4 billion.
This means that retail interest in SpaceX is now 2.4 TIMES larger than the total amount raised in the previous largest IPO in history.
As a result, SpaceX has announced that 20% of their IPO will be allocated to retail investors, following through on @elonmusk's vision to democratize the record IPO.
Nothing even remotely near what SpaceX is about to do has ever happened.
Friday will be a historic day.
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