Shawn Tully on Muck Rack

Shawn Tully

Verified
New York
As seen in: Fortune, CNN, MSN, MSN Australia, E-investidor, Estadão, Terra, TIME, Yahoo Canada, Yahoo News, Yahoo News Malaysia and
Eschewer of Twitter—all tweets written by admirers. Senior editor-at-large @FortuneMagazine since 1980. Expert in all things @realDonaldTrump & @Pontifex.
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Articles

How Elon Musk rewrote SpaceX’s story—and turned it into the greatest IPO debut in history

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By Shawn Tully 
| Yahoo Finance
It's hard to believe that only a few months ago, SpaceX was primarily an enterprise that manufactured rockets, managed launches, and deployed a satellite constellation for servicing mobile phone and broadband purveyors. But in February, Elon Musk folded xAI, another arm of his empire, into SpaceX, and his entire narrative about the prime force for driving the enterprise's rise took a pivot heard round the world.
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SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big

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By Shawn Tully 
| Yahoo Finance
It’s been widely reported that SpaceX will provide its underwriters a “gross spread” of just 0.75% or less for shepherding the biggest initial public offering of all time. According to Jay Ritter, a professor at the University of Florida who’s the nation’s top academic expert in the field, that number ties the lowest percentage on record for a conventional IPO. Typically, in debuts raising tens of billions, the banks get a substantially larger cut of between 1% and 3%.
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SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big

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By Shawn Tully 
| MSN
; ; ; Continue reading More for You ; ; ; ; Continue reading More for You
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