Why SpaceX's IPO breaks from Wall Street norms

Tehnologie

SpaceX publicly set a US$135 price for shares in its initial public offering on Wednesday (Jun 3), bypassing the usual Wall Street price-discovery process. The move highlights its founder Elon Musk's unconventional approach to fundraising as the rocket and satellite communications company seeks to raise record sums. Siamak Hesar, CEO of space tech firm Kayhan Space, shares with CNA's Asia First what investors should consider as SpaceX takes a more transparent approach to going public. Subscribe