Why SpaceX launch on Nasdaq matters to Australian investors | The Business | ABC NEWS
Community Score: 50% | 4.1K views | 4d
0 community ratings: null thumbs up, null thumbs down
The Australian prospectus for Elon Musk's aerospace and transport company - SpaceX - is likely to land with the corporate regulator ASIC within days. Managers of exchange-traded funds on the ASX are eager to get their hands on the stock that's scheduled to list on the Nasdaq on June 12. If the IPO raises $US75 billion as expected - the SpaceX listing will be the largest public offering in history, and could see Elon Musk become the world's first trillionaire. BetaShares plans to include the company in some of its ETFs. BetaShares senior investment strategist Cameron Gleeson says SpaceX could be an attractive proposition to Australians because for investors looking at the ASX post-budget and CGT changes, they will likely seek to prioritise income or maybe better off using income-oriented investing rather than growth-oriented investing. He says SpaceX could be that, and "there's no substitute for an asset that can deliver superior returns", he said. #ABCBusiness Subscribe: http://ab.co/
Tags: Australia, abc, abc news, news, business news, finance news, economic news, economy, finance, the business, abc news australia, the business abc, spacex, data centres, investors, retail investors, ASX, NASDAQ, IPO, public llisting
More from ABC News (Australia)
- The biggest market sell-off since 'Liberation Day' | The Business | ABC NEWS — Score: 50%
- Designer Katie Perry wins trademark case against pop star | ABC NEWS — Score: 50%
- A look around the NT as residents deal with flooding emergency | ABC NEWS — Score: 50%
- Bundaberg homes inundated after Burnett River peaks | ABC News — Score: 50%
- Reindeer races in Finland draw international crowds | The World | ABC NEWS — Score: 50%
- Grave fears for Iranian footballers after Australia asylum saga | The World | ABC News — Score: 50%