Elon Musk's SpaceX is set to launch what could become the largest initial public offering in history, with shares expected to enter millions of American retirement accounts within days of listing. The aerospace company plans to price shares at $135 (£108) each, targeting a valuation of approximately $1.75 trillion (£1.4 trillion).
Retirement account holders may see SpaceX stock automatically added to their 401(k) and IRA savings through index funds, regardless of whether they personally want the exposure. FTSE Russell recently updated its criteria, enabling SpaceX to be included in its indices within a week of its IPO.
