SpaceX has just officially announced that it plans to raise $74.4 billion in its IPO, targeting a $135 per-share price and selling approximately 555.55 million shares, according to a new SEC filing.
That would give @SpaceX a target IPO valuation of about $1.75 trillion.
SpaceX: "We expect to receive approximately $74.4 billion of net proceeds from this offering (or $85.7 billion if the underwriters exercise their option to purchase additional shares of Class A common stock in full), based upon the expected initial public offering price of $135 per share, after deducting underwriting discounts and commissions and estimated offering expenses payable by us."
Note: All of these numbers are subject to change before IPO. Filing below:
let's make california great again! looking at the % and the number of votes counted so far, this is going to be a tough battle for republicans to win, but hey who knew that one day in ca we'll have a republicans' nominee leading the jungle primary?
whichever firm bought today to dump it on passive funds on 6/26 for a good profit, congratulations! my shares have not been touched except that the count is not higher.
when a stock breaks out on volume that's about 20% to 25% above its 30-day average, it's often a sign that institutional money is behind the move, not just retail traders chasing momentum.
voting is super simple. here is exactly how to do it in 3 quick steps:
step 1: search your inbox
open up your email and search for "[your brokerage name] opendoor" (for example, "robinhood opendoor"). mine was received on 5/6/2026 with the subject line "Vote in the Opendoor Technologies Inc. Annual Meeting". if you use a different broker, the subject line will look very similar.
step 2: click the vote button
open up that email, scroll down, and click the "Vote" button.
step 3: submit all three sections
clicking the button will take you straight to your secure proxy ballot. there are three sections highlighted on the left menu: Election of Class III Directors, Ratification of Auditors, and Executive Compensation. make sure you cast your choice and vote for all three sections!
don't let the bureaucrats decide for us. take two minutes and get your votes in!
๐จCRUCIAL DAYS FOR OPEN ARMY๐จ
1) vote your shares. if youโre not sure how to do it, drop a comment and iโll help you figure it out.
2) if your brokerage firm holds a position in opendoor, reach out and let them know youโd like them to vote โforโ the proxy. tell them if their views donโt align with yours, you will consider moving your investments to a firm that better supports your perspective on opendoor and its management team.
yesterday kaz mentioned that proxy advisors at iss and glass lewis were recommending a vote against him at the opendoor annual meeting, and he asked the โopen armyโ to support by voting. today the stock is down ~10%โฆ coincidence? youโre right ๐
clearly there are people out there who donโt want to see kaz or opendoor succeed. what did i do this morning? i added more.
nfa. please do your own research before investing.
i don't think we ever thought it was, and it's not. to make it even less relevant to the stock price move today: even if the result of proxy votes comes out as "against" the board is not legally forced to follow that: the board of directors is not legally forced to cut executive pay or change their contracts. the compensation packages will still stand exactly as they are. a "no" vote doesn't automatically change anything, but a weak shareholder approval vote is still a major black eye and sends a strong message to the board.
just an update: i called @vanguard_group this morning and asked whether they use iss or glass lewis for proxy voting and, if so, whether they plan to follow their recommendation on the upcoming opendoor vote.
the answer was basically: they don't know. i asked to speak directly with someone in corporate actions, but was told to log in and send an email instead.
i also mentioned that if i find out there's a misalignment between my interests and vanguard's vote on this proxy, i'd have to reconsider keeping my funds there. i'm sure i wouldn't be the only retail investor thinking that way.
to be fair, i understand they may not be able to discuss voting decisions ahead of time. the results will eventually be public anyway. if i see alignment, great. if not, there are plenty of alternatives (@RobinhoodApp just to name one).
for now, i have every reason to believe vanguard's interests should align with shareholders here. my concern is simply that when voting decisions are outsourced, proxy advisor recommendations can end up being followed without much scrutiny.
just a heads-up for anyone paying attention to this vote. and if you're reading this and have access to john galloway, appreciate if you could forward the note to him.
- a retail investor who believes in the current team and the future of the company.
https://t.co/KSI6q0lhff