Investment Committee’s Message: Don’t Overfocus on SpaceX IPO

Matt Kennedy, senior strategist at Renaissance Capital, and Josef Schuster, founder and CEO of IPOX Schuster, join Matt Miller on "Bloomberg Deals." SpaceX is offering 555.6 million shares at a fixed price of $135 each, which would raise about $75… Matt Kennedy, senior strategist at Renaissance Capital, and Josef Schuster, founder and CEO of IPOX Schuster, join Matt Miller on "Bloomberg Deals." SpaceX is offering 555.6 million shares at a fixed price of $135 each, which would raise about $75 billion. The stock is set to start trading on June 12. The IPO is expected to rank as the biggest ever, topping Saudi Aramco’s $29.4 billion listing in 2019. (Source: Bloomberg)