Notebook

Mini essays and margin notes on economics, markets, politics, power, books, documents, and the machinery beneath events.

Technology & Markets, Signal Werner Mouton Technology & Markets, Signal Werner Mouton

SpaceX

SpaceX raised $75bn in the world’s biggest IPO, valuing the company at more than $2tn. But the important detail is not only the size of the offering. It is how little of the company needed to trade in order to price the whole thing.

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