Elon Musk’s rockets-to-AI conglomerate Space Exploration, popularly known as SpaceX, is finally coming to the stock market.
The futuristic behemoth filed key paperwork just before the Memorial Day weekend
More details will be coming. The IPO may value the company at an astronomical (no pun intended) $2 trillion. It could make Elon Musk, on paper, the first trillionaire in history. “It’s the talk of the town,” says portfolio manager and financial adviser Larry Glazer, managing partner of Mayflower Advisors in Boston. “No one’s talking about anything else.” Most Read from MarketWatch Those of us in the cheap seats don’t have to wait until the IPO to buy shares.
You could go out today and invest some of your IRA in Baron Partners BPTRX, a well-known and well-established mutual fund with a terrific long-term track record. Fund founder and co-manager (with his son) Ron Baron is a huge fan of Elon Musk and was an early and big investor in SpaceX. Baron Partners reveals on its website that 29.6% of the fund’s holdings are in the privately held company.