Key facts
- Elon Musk is seeking retail investors to buy $23 billion of SpaceX shares.
- This is for an upcoming Initial Public Offering (IPO) of SpaceX.
- The plan suggests a reliance on everyday investors for the share sale.
Elon Musk is reportedly aiming to leverage the support of everyday investors to help finance a significant portion of SpaceX's upcoming Initial Public Offering (IPO). The plan involves retail investors purchasing approximately $23 billion worth of SpaceX shares. This strategy highlights a potential reliance on individual investors to absorb a substantial part of the offering, which is expected to be a massive undertaking for the company.