How to buy SpaceX shares as its blockbuster IPO readies for liftoff
Summary
SpaceX is launching a public stock offering, allowing regular investors to buy shares for the first time. The company plans to price shares around $135 and hopes to raise $75 billion, making this IPO one of the largest ever.Key Facts
- SpaceX will become a publicly traded company with shares listed on the Nasdaq under the ticker "SPCX."
- The company expects to value itself at $1.77 trillion after the IPO, higher than Tesla and other large companies.
- About 30% of the shares will be available to regular retail investors, which is unusually high.
- Shares are expected to price on Thursday and start trading the following day.
- Retail investors can buy shares through brokerage accounts or investing apps such as Charles Schwab, E*TRADE, Fidelity, Robinhood, and SoFi.
- High-net-worth investors may access shares through private banks like JPMorgan.
- Secondary private sales of SpaceX shares have become limited as investors focus on the public market.
- After the IPO, anyone can buy SpaceX shares on the open market, and the stock may be added to index funds and 401(k) plans.
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