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Musk’s SpaceX is shaping up as the biggest IPO on record. It’s also bending the rules to do so

By Marta Khomyn, Senior Lecturer, Finance and Data Analytics, Adelaide University

Elon Musk’s space exploration company SpaceX has filed confidential papers ahead of a planned public company listing on the US NASDAQ stock exchange.

The initial public offering (IPO) for the company controlled by the world’s richest man is targeting a total valuation of US$2 trillion. Musk plans…

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