Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation

Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tn SpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that the aerospace to artificial intelligence group should be valued at $2tn. In an unusual move, the company has earmarked a large portion of its shares – potentially up to 30% – for non-professional, non-institutional investors, banking on the popularity of its chief executive, Elon Musk, to help it raise $75bn (about £56bn) in what is expected to be the largest public offering in history. SpaceX set out plans for a summer roadshow to its bankers on Monday night, according to Reuters. The process will begin on 7 June as executives brief analysts from the 21 banks retained to work on the deal, followed by an event for retail investors on 11 June. The venue has not yet been disclosed. While sales direct to retail subscribers were an established part of government privatisations during the 1980s, with many UK savers getting their first chance to own shares with the sale of British Telecom, privately