刚刚！史上最大IPO突曝大消息！

Core Viewpoint - Elon Musk is significantly impacting Wall Street with a new proposal for SpaceX's IPO, which could potentially be the largest in history, valued at up to $1.5 trillion [3][5]. Group 1: SPARC Proposal - Bill Ackman has proposed a Special Purpose Acquisition Rights (SPARC) structure that allows Tesla shareholders to invest directly in SpaceX or cash out their rights, bypassing traditional IPO processes [3][4]. - Each Tesla share will issue approximately 0.5 SPARs, totaling 1.723 billion SPARs, which can be converted into 34.46 billion shares of SpaceX [4]. - The proposal aims to democratize the IPO process, providing loyal Tesla shareholders with investment opportunities in SpaceX [4][5]. Group 2: Financial Implications - If the SPAR option exercise price is set at $11.03 per share, SpaceX could raise about $42 billion, with $38 billion from SPAR options and $4 billion from Pershing Square [5]. - Should the exercise price increase to $42, the fundraising could soar to approximately $148.7 billion, aligning with market expectations for SpaceX [5]. Group 3: IPO Process and Competition - Morgan Stanley is positioned as a leading contender for the role of lead underwriter for SpaceX's IPO due to its close relationship with Musk [6][7]. - Other investment banks, including Goldman Sachs and JPMorgan, are also competing for underwriting roles, but no final decisions have been made yet [6][7]. - The IPO process remains complex, and while preparations are underway, the final decision will depend on market conditions, with the possibility of delays or cancellation [7].