BREAKING: SpaceX plans to sell approximately 555.6 million shares at $135 per share in its upcoming IPO, according to new SEC filings.
At that price, the offering would raise $75 billion, making it the largest IPO in history by a wide margin.
This would value SpaceX at $1.77 trillion.
The gap between older and younger equity holders has never been wider:
Americans aged 70+ now hold a record 17% of all US equities and mutual fund shares outstanding.
The percentage has TRIPLED since the 2008 Financial Crisis low.
At the same time, Americans under 40 own just ~3%, in-line with 2003 levels.
This percentage is HALF of what it was in the late 1980s.
As a result, the difference between the two cohorts is now ~14 percentage points, the widest on record.
By comparison, the gap stood at ~6 percentage points at the start of the 1990s.
The wealth gap is widening.
Thanks @PCski@PCMtnAlert for letting all this grease drip while riding crescent chair today. You’ve ruined two coats today..make this right please #vailfail
@bigskyresort how can you make people buy a pass with or without tram access when you have not released how much it will be per time to access? $20-$80 is a huge range.. #smh