SpaceX and its Australian lawyers Gilbert + Tobin went to ASIC for permission to sell its whopper $US75 billion IPO to Australian retail investors based on its US offer document, without modification, a few months ago.It was a big ask; never been done before – the capital markets lawyer’s equivalent of putting 1 million people on Mars (one of Musk’s performance hurdles at SpaceX, no joke). Australia has tougher IPO disclosure requirements to the US particularly for forward-looking statements and forecasts, intentionally designed to make it safer or easier for IPO investors.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles