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Massive SpaceX IPO Demand Coming From Gulf Sovereign Wealth Funds
Massive SpaceX IPO Demand Coming From Gulf Sovereign Wealth Funds
One week ago, SpaceX kicked off its institutional roadshow, headlined by JPMorgan CEO Jamie Dimon, who hosted a nationwide "live interactive discussion" with private wealth clients.
The latest signal of investor demand comes from the Gulf, where massive sovereign wealth funds are reportedly seeking allocations in the IPO ahead of its expected Friday debut, according to Bloomberg News.
The report says Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for the IPO worth $1 billion to...
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