SpaceX’s whopping US$75 billion IPO sparks liquidity fears as Fed rate-increase odds rise
Global initial public offering (IPO) markets are hunkering down ahead of SpaceX’s US$75 billion flotation, as billionaire Elon Musk’s commercial aerospace unit is set to siphon off capital and tighten liquidity amid rising expectations that the Federal Reserve will raise interest rates to curb inflation.
With investor demand expected to be overwhelming, the offering on Wall Street could be the world’s biggest-ever, exceeding Saudi Aramco’s US$29.4 billion in 2019.
SpaceX’s IPO would already be...
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