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Or, as Ritter suggests, Musk could use the threat of either a direct listing or limit order approach to both drive down the fees, and get a closer to market price from the underwriters’ clients. “Musk is known as a maverick, a guy who thinks out of the box,” says Ritter. “He fits the profile of the kind of CEO that in the past has gone for this kind of tradition-breaking solution.” To be sure, Musk’s a rebel. We’ll soon see if he’s got the spine to stand up to Wall Street.
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Gas prices have spiked and stock markets indexes tumbled after an Iranian official said his country would "set fire" to anyone trying to pass through the key Strait of Hormuz shipping route.
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