SpaceX IPO Set to Drive Billions in Tech Stock Sales
The Information
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AI Business
A jet painted with SpaceX logos ferried nearly 200 investors from the largest Wall Street funds from Newark, N. J., to the southern tip of Texas a week and a half ago for a multiday presentation from executives. The airplane was so full it couldn’t fit everyone who wanted to get on, said an investor on the trip. The massive initial public offering for Elon Musk’s rocket-and-AI company, still than a month away, has investors debating what to sell to make room for SpaceX shares.