Trillion-dollar, lifetime CEO Musk emerges as early winner ahead of SpaceX IPO
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SpaceX has filed for an IPO aiming to raise $75 billion, targeting a valuation of nearly $2 trillion. The SEC paperwork ensures Elon Musk retains unchallenged control post-IPO, with provisions allowing only his vote to remove himself as CEO. Analysts express caution regarding the deal's implications for retail investors, as SpaceX's valuation is significantly higher than its projected revenue. The IPO is backed by major banks, but concerns about long-term returns and a potential share flood post-lock-up period are raised. SpaceX is conducting private meetings to address these doubts.
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