SpaceX’s record $86B IPO reshapes mega-IPO investing, IPO lock-up structures, and links to federal contracting
SpaceX has completed the largest initial public offering on record, raising about $86 billion. Reporting highlights a new, “unprecedented” lock-up structure, ripple effects across ETFs and related products, and newly surfaced congressional stock purchases tied to the company as SpaceX deepens its federal contracting role.