Analysts say IPO that could make Elon Musk the world’s first trillionaire has a ‘major disconnect’ on price
Elon Musk’s SpaceX is set to launch the biggest stock market float in history amid warnings that it may be overvalued.
The space exploration, satellite broadband and AI company will join the US stock market on Friday at a valuation of $1.78tn, after offering at least $75bn of shares to investors through an initial public offering .
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This article was originally published by The Guardian and written by Graeme Wearden.
Read original article on The Guardian