How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO
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It’s SpaceX IPO day!
Key facts
Never mind that Morningstar says it’s being optimistic in valuing the stock at $63, or 53% below that IPO price
More than 115,000 people applied for a Citadel internship this year yet only 350 got in, an acceptance rate of 0.36%
Make that $135, probably in tranches of 100 shares
As SpaceX goes public, a $100 billion shadow market faces a reckoning by Allie Garfinkle
Summary
The big leadership story: The chaos at CBS News shows the limits of ‘blow it up’ leadership. The markets: Stocks rally globally on hopes for a U.S.-Iran peace deal. What can leaders learn from this sci-fi thriller that they can adapt into their own playbook? You don’t have to be shareholder-friendly to get shareholders excited. Governance experts were outraged when Google went public in 2004 under a dual-class structure, which gives more power or votes to one class of shareholders.