SpaceX’s record $86B IPO triggers new lock-up terms and reshapes ETF product playbook
SpaceX has completed the largest IPO in history, raising about $86 billion, and implemented an unprecedented lock-up structure. The deal is already influencing ETF construction and spawning new mega-IPO-focused funds. Separate reporting also notes first known congressional stock purchases tied to SpaceX as the company deepens federal contracting and maintains close ties to Washington.