Musk's Galactic Ripoff
Tomorrow's IPO of SpaceX could turn out to be the universe's largest Ponzi scheme, and you and I are paying part of the price whether we like it or not.
Friends,
Elon Musk’s SpaceX goes on the market tomorrow. Rather than provide a range and then price the deal based on demand, as is customary in Initial Public Offerings, Musk has set a take-it-or-leave-it price of $135 per share.
He anticipates that the resulting corporation will be valued at $1.77 trillion. That’s an extraordinary amount for a company…
