MarketWatch
US · 1 hrs ago
✦ 72◉ Centre
The SpaceX IPO could lead to 8% of America’s current-account deficit being refinanced in a single day
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Quality 72/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ⚠ Misleading headline
A currency strategist's theoretical analysis suggests that a potential SpaceX IPO could raise enough capital to refinance a significant portion of the US current-account deficit in a single trading day, according to MarketWatch.
The SpaceX IPO could lead to 8% of America’s current-account deficit being refinanced in a single day
A remarkable back-of-the-envelope calculation from a currency strategist shows just how big SpaceX’s initial public offering could reverberate in global markets.
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