Australia rolls out the red carpet to over-hyped SpaceX IPO

Elon Musk stated that he wanted to be the world’s first trillionaire. So it should come as no surprise that this week’s SpaceX IPO chose an inflated valuation of US$1.77 trillion ($135 per share), which would make it a trillionaire on paper if enough global investors could be persuaded to hand over the record-breaking US$75 billion it’s asking for.

Australians are set to file for overhyped SpaceX shares that could be worth billions of dollars, after corporate regulator ASIC controversially granted swift SpaceX prospectus approval.