SpaceX plans to raise $75 billion in historic IPO
SpaceX is expected to go public with a valuation of around $1.75 trillion, making it the largest initial public offering in history.
The company plans to raise $75 billion, which is just 4.3% of its estimated valuation.
This small float could create significant buying pressure on SpaceX from retail investors and rules-based indexes.
The major indexes have updated their rules to allow newly public companies like SpaceX to be added more quickly, potentially reducing the time it takes for them to be included in indexes like the S&P 500 and Nasdaq.