Overview
- SpaceX confidentially filed for an IPO last month, with multiple outlets reporting a summer listing that could value the company at up to $1.75 trillion.
- Reuters reported documents describe dual-class supervoting shares and mandatory arbitration that would make it hard for investors to challenge management and leave Elon Musk with sweeping authority.
- Activist groups have begun pressing for tighter oversight of the deal, with some calling for an investor boycott.
- Rival Blue Origin moved to bolster retention by unveiling a new stock plan designed to compete more closely with SpaceX’s incentives, Semafor reported.
- The Motley Fool told readers how to gain exposure after trading begins, noting Reuters’ reporting that as much as 30% of IPO shares could go to retail and that an S-1 and roadshow are expected on an unconfirmed late-May and early-June schedule.