"SpaceX has confidentially filed with the SEC to stage an initial public offering of an estimated $75 billion in shares, valuing the company at $1.75 trillion."
"The shares will likely come in two classes so that founder Elon Musk can retain decision-making control of the company, with about 30% allocated to retail investors."
"Global markets are battered as oil tops $107 per barrel, with significant declines in major indices across Asia and Europe."
"Trump's speech on Iran included contradictory messages, stating that while Iran was defeated, the U.S. would continue to take military action against them."
SpaceX has confidentially filed with the SEC for an initial public offering estimated at $75 billion, valuing the company at $1.75 trillion. The IPO will feature two classes of shares to maintain Elon Musk's control. Approximately 30% of shares will be available to retail investors, potentially leading to increased market activity. Meanwhile, global markets are experiencing declines as oil prices exceed $107 per barrel, impacting major indices in Asia and Europe. Investors reacted negatively to President Trump's speech regarding Iran, which contained contradictory messages about military action and regime change.
Read at Fortune
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