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Evening Standard
Evening Standard
Business
Chris Blackhurst

Inside the gilded world of the banking elite

The countdown is on: investors ready for $75 billion flotation of SpaceX

The highly-anticipated $75 billion (£56.27 billion) float of Elon Musk’s SpaceX is kicking off this week, with shares set to start trading from Friday. Trading platform AJ Bell analysed 10 recent “gigantic” IPOs — including Alibaba, Visa and Facebook (now Meta) — and reported their shares traded an average of 14.2 per cent higher at the market open compared with the listing price.

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