The rocket and satellite company is considering raising more than $25bn in an offering that could come as early as June, according to a person familiar with the plans. Retail demand is expected to be substantial, despite the significant capital requirements and operational risks associated with commercial space ventures. Shay Boloor of Futurum Equities Research said enthusiasm is likely to overwhelm concerns about Musk's unconventional approach. He said the IPO is going to be the 'craziest' in the 'history of the stock market,' and noted that a $1.5tn valuation could surge above $2tn once trading begins. Musk's confrontations with regulators and past governance controversies remain part of the risk profile. The Tesla CEO has previously clashed with the US Securities and Exchange Commission and threatened to leave Tesla earlier this year over compensation disputes. Investors said such drama is intrinsic to backing high-growth ventures run by powerful founders. Institutional exposure...
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