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SpaceX is preparing for a massive Initial Public Offering valued at $1.5 trillion.
A select group of investors are securing a stake just 4 months before it starts trading. This could allow them to grab shares at a steep discount to the official IPO price.
Here’s how to join me in this Pre-IPO.
Senator Elizabeth Warren is trying to tear down America’s most successful space company.
“Chinese investors are funneling millions of dollars into SpaceX while keeping their identities a secret,” according to Warren.
Basically, Warren is seeking a Department of Defense investigation. She wants to know whether the company complies with foreign ownership rules.
These claims are crazy.
SpaceX has raised $11.9 billion from investors. The upcoming IPO is expected to raise an additional $30 – $50 billion.
Warren’s claim is that several Chinese companies invested a few million dollars through a fund that in turn owns SpaceX. And that this somehow gives them access to confidential secrets that would benefit the Chinese government.
This would be akin to accusing me of having access to Apple’s trade secrets because I own shares of the Nasdaq ETF that owns the stock.
This is Warren’s latest attempt at political theater – trying to grab headlines over a complete non-issue.
America is the leader in space thanks to SpaceX. Without the company – the Chinese would be the leaders in space. The company is a huge national security asset.
Here’s the good news. Warren can’t stop the company’s upcoming IPO.
Ian Wyatt