Bloomberg Daybreak: US EditionInstant Reaction: SpaceX Jumps in First Trades Following Record $75 Billion IPOSpaceX Sidelines Wall Street Bankers
11:11–11:54 · 43s
Ludlow details how Musk, the CFO, and Gwynne Shotwell dictated IPO terms early, undercutting the usual power of big asset managers and making the offering entirely on their own terms.