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Who are the Category Kings of AI Going To Be?
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On June 12, SpaceX is going public at $135 per share and a $1.75 trillion valuation.
4% of total shares are being offered. Of those, 30% have been allocated for retail investors to buy directly at the $135 IPO price. The standard retail allocation in a mega-cap IPO is 5 to 10% of shares, with the overwhelming majority reserved for large institutional buyers like pension funds and mutual fund managers.
SpaceX is tripling that, which is unusual.
At a $75 billion raise, that is roughly $22.5 billion in shares…
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