SpaceX's Mega IPO Isn't Just A Stock Story— Strategists Say It Could Help Fund America's Deficit As Global Investors Pile In
The upcoming SpaceX IPO could impact the U.S. economy by potentially refinancing a portion of the country’s current account deficit in a single day. Currency strategists at Commerzbank, led by Volkmar Baur, have studied the possible effects of SpaceX’s IPO, which is set to raise $75 billion at a $1.75 trillion valuation. Foreign investors, who typically account for about 20% of U.S. stock ownership, with European in…
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