SpaceX IPO -wishing and hoping

The money men are grinning like Cheshire cats and Elon Musk salivating in being the world’ richest man as the Space X IPO was three times subscribed and Musk became the world’s first trillionaire. The FT remarked acerbically: “The bankers convinced investors to believe in a sci-fi strategy, overlook steep losses and hand full control to Elon Musk.” “As a strict business proposition it is still a very long way from justifying the $2tn-plus price tag.”