SpaceX IPO: The noisy spectacle that defies logic might be exactly what Singapore needs

​[SINGAPORE] Imagine a businessman walking into a boardroom to pitch an initial public offering. He tells investors his company is bleeding billions of dollars a quarter, and explains this cash burn is mostly to fund an unrelated side project.

He demands absolute voting control while holding less than half the shares. He adds a rule that bans shareholders from suing him, forcing any disputes into a private arbitration room.

Finally, instead of a price range, he sets a fixed price, valuing his firm at nearly US$2 trillion – and tells everyone to take it or leave it.