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Musk's SpaceX IPO holds both promise and peril
Key takeaways
- Elon Musk’s rocket and AI company presents potential for investors.
- The Elon Musk-led rocket, satellite and artificial intelligence company plans to raise as much as $75 billion (€65 billion) by selling nearly 555.6 million shares at $135 apiece.
- That would make it the largest initial public offering (IPO) in history, breaking the previous record set by Saudi Aramco in 2019, when the oil giant went public and raised $26 billion.
Why this matters: an international story with cross-border implications worth tracking.
Elon Musk’s rocket and AI company presents potential for investors. But its futuristic, unproven plans also carry significant financial risks.
https://p.dw.com/p/5F9Ck Space X's ultimate goal is to colonize and establish a civilization on Mars Image: Dado Ruvic/Illustration/REUTERSAdvertisement Space X will be at the center of attention on financial markets this Friday as the company makes its stock-market debut.
The Elon Musk-led rocket, satellite and artificial intelligence company plans to raise as much as $75 billion (€65 billion) by selling nearly 555.6 million shares at $135 apiece.
Article preview — originally published by DW English. Full story at the source.
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