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It depends at least partially on how much they're going to float. I think SpaceX is only planning about a 4% float, so even at $1.5T they only need around $60B.
by davey48016 5mo ago
It depends at least partially on how much they're going to float. I think SpaceX is only planning about a 4% float, so even at $1.5T they only need around $60B. Which is a drop in the bucket.
EDIT - but that's just the IPO, I wasn't even thinking about how much insiders will want to sell after the lockup ends...
- ecommerceguy 5mo agoIs 100+ FPE the new normal?
- einrealist 5mo agoMust be retail investors believing: big number == good.
- phkahler 5mo agoThe valuation just needs to be high enough to get into an index, then the 401K plans start buying the shares automatically.
- deleted 5mo ago[deleted]