Why Your Retirement Plan Is About to Get a Galactic Upgrade
You probably won't be boarding a rocket to Mars this weekend, but the money behind those launches is about to hit your bank account's orbit. When a company this big prepares to go public, it shifts the ground under every retirement fund and brokerage account in the country. What's Going On SpaceX is currently the most valuable private company in the United States, and it just added another $75 billion to its coffers from private investors. This massive influx of cash is the final stage of preparation before the company undergoes an Initial Public Offering, or IPO. An IPO is the moment a company transitions from being owned by a small group of wealthy founders and venture capitalists to being owned by the general public through the stock market. For years, SpaceX has operated behind closed doors, but this move signals that they are ready to let everyday people buy and sell their stock on exchanges like the New York Stock Exchange or Nasdaq. Think of this situation like ...