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SpaceX IPO explained: The price is set, but retail allocation still up in the air
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- The rocket maker is aiming to raise a record sum, by a wide margin, at a historic valuation, and will be controlled by Elon Musk, who's also CEO of Tesla, another trillion-dollar company.
- When it comes to the mechanics of the share sale, Space X is offering a take-it-or-leave-it price of $135, rather than providing a range and then pricing the deal based on demand, as is customary in IPOs.
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Nothing about Space X's IPO is ordinary. The rocket maker is aiming to raise a record sum, by a wide margin, at a historic valuation, and will be controlled by Elon Musk, who's also CEO of Tesla, another trillion-dollar company.
When it comes to the mechanics of the share sale, Space X is offering a take-it-or-leave-it price of $135, rather than providing a range and then pricing the deal based on demand, as is customary in IPOs.
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