00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Investor Ross Gerber of Gerber Kawasaki has backed SpaceX's IPO after the Elon Musk-led
00:08company completed a successful Starship rocket test. Gerber posted on X praising the test and
00:13calling the timing perfect for the IPO, saying SpaceX had opened a new frontier in space.
00:19SpaceX has allocated shares for retail investors through platforms like Robinhood Markets and SoFi
00:24Technologies, with reports suggesting up to 30% of shares could go to retail buyers.
00:29Goldman Sachs will serve as lead underwriter, with Morgan Stanley also playing a key role.
00:35Investor Gary Black of the Future Fund said the IPO could give investors an early boost through
00:40fast-track index inclusion, but raised concerns about valuation. Some experts warn that the
00:45IPO could divert Musk's attention from Tesla. For all things money, visit Benzinga.com.
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