What Happened
Wall Street Jumps Aboard Elon Musk's Space Venture
As SpaceX prepares to go public as soon as next month, investors are being drawn in despite some doubts about the company’s finances. With Elon Musk at the helm, the company’s initial public offering is shaping up to be a marquee event for Wall Street, with many investors feeling that the risks of passing on the stock outweigh those of buying into it. According to The New York Times, SpaceX’s bankers are working to create a self-fulfilling prophecy, making investors feel that they cannot miss out on the opportunity.