SpaceX raised $75B in record IPO—why insiders like Elon Musk are much likelier than public stock buyers to benefit (opens in new tab)

Elon Musk's SpaceX is becoming a publicly traded company after selling 555.6 million shares in what was the biggest initial public offering in history. But my new research suggests that investors who bought those shares are unlikely to see the explosive growth that past IPOs had.