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Business🇺🇸 +14 sources· 22 hours ago

SpaceX share sale opens June 12 in test of Musk’s market appeal

What’s next: UK retail investors may get about £1.5 billion in stock as pension savers also gain indirect exposure.

SpaceX is set to begin trading a portion of its shares on June 12, opening one of the most closely watched offerings tied to Elon Musk and a company central to the commercial space industry. The sale would give public investors access to a business that had largely been held by Musk and private institutions, after years of growth in launch services and reusable rocket technology. The BBC report said UK retail investors are likely to be allocated about £1.5 billion worth of shares, with brokers reporting strong interest. The listing follows major technical milestones for Starship, including the October 2024 return of a booster to the launch pad using SpaceX’s “Mechazilla” catch system in Texas.

Sources

  • The New York TimesTier 180% reliableReadJun 10
  • BloombergTier 180% reliableReadJun 11
  • CNBCTier 180% reliableRead27 hours ago
  • MarketWatchTier 275% reliableRead33 hours ago

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