economy

How Wall Street pulled off the biggest IPO in history for SpaceX

Bankers convinced investors to believe in a sci-fi strategy, overlook steep losses and hand full control to Elon Musk

How Wall Street pulled off the biggest IPO in history for SpaceX

TL;DR

  • Bankers promoted a "sci-fi strategy" for SpaceX's IPO.
  • Investors were convinced to overlook steep losses.
  • Full control of SpaceX was handed over to Elon Musk.