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Wall Street can't keep quiet about a SpaceX IPO — and it could make Elon Musk a trillionaire [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk's rocket company has entered what is known as a regulatory “quiet period,” where it clamps down on public comments that could be seen as touting its potential valuation, sources said. The company could sell as much as $36 billion in stock in a 2026 deal that could value it at $1.5 trillion. Make no mistake: Every major Wall Street firm and bank is expected to seek a piece of this monster deal. Bankers began meeting with SpaceX executives earlier in the week in what's expected to be a longish vetting process of the company picking underwriters, they tell On The Money. While the banker bakeoff is expected to be led by SpaceX chief financial officer Bret Johnsen, Musk is expected to be watching closely from the sidelines. Indeed, bankers are preparing for Musk – known both for his unpredictability and a penchant for micromanagement – to potentially pop his head into some of the meetings. “With this guy all bets are off,” said a rep for one bank participating in the bakeo
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