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Yahoo Finance Markets and Data Editor Jared Blikre explains what investors should expect from SpaceX's (SPAX.PVT) planned initial public offering (IPO) on Friday, outlines the leveraged exchange-traded funds (ETFs) coming out for SpaceX, and examines historical post-IPO market trends.
Elon Musk's SpaceX (SPAX.PVT) is on the launchpad, just one day away from its scheduled IPO. TrueCar Founder Scott Painter — an early Tesla (TSLA) advisor who sold Musk his Bel-Air mansion in 2020 — discusses his first-hand experiences witnessing Musk's leadership and vision as he seeks to expand his corporate empire. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.
By Echo Wang NEW YORK, June 11 (Reuters) - SpaceX on Thursday priced the biggest-ever U.S. initial public offering at $135 per share, making Elon Musk’s rocket and spacecraft manufacturer one of the
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(In first paragraph, corrects number of states challenging indexes to four from five) By Ross Kerber June 11 (Reuters) - Investment leaders from four large states pressed Nasdaq and FTSE Russell for
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<body><p>STORY: A day ahead of the highly anticipated SpaceX IPO, a major Wall Street firm is already making a bullish case for the stock.</p><p>:: SpaceX</p><p>:: $190</p><p>Oppenheimer on Thursday became the first global brokerage to start coverage of Elon Musk's SpaceX, issuing an "outperform" rating on the stock and setting a price target of $190.</p><p>That's more than 40% higher than SpaceX's IPO price of $135.</p><p>:: SpaceX</p><p>:: $2.5 trillion</p><p>The $190 price target means Oppenheimer expects the rocket company to notch a market capitalization of about $2.5 trillion in the next 12-18 months.</p><p>In a note published Thursday, an Oppenheimer analyst said the brokerage firm sees SpaceX as, quote, "the only vertically integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent."</p><p>It expects the Starlink satellite internet service to be the main cash generator, and SpaceX's AI business, including xAI, to become the largest contributor over time.</p><p>New Street Research soon followed, initiating coverage with a 12-month price target of $165.</p><p>But not all analysts are believers just yet.</p><p>Earlier this month, Morningstar pegged the company's valuation at $780 billion, less than half of what SpaceX is reportedly targeting in its IPO.</p><p>Nicolas Owens is an equity analyst at Morningstar.</p><p>"With everything going right, and those commercial, outcomes working our valuation would be $154 a share. We only assign that a 7% probability of happening, though. So I think I don't think of myself as bearish. I think that, the deal as it's priced today essentially is pricing in everything going right all the time. // That's where we arrive at this at $63 fair value per share."</p><p>Morningstar said prospects for SpaceX's AI business, which includes xAI and social media platform X, were uncertain.</p></body>
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Google's parent company made strategic investments in both innovative enterprises.
Oppenheimer initiated coverage of SpaceX with an outperform rating and a $190 price target on Thursday, one day before the company begins trading on the Nasdaq under the ticker SPCX. The price target implies around 40% upside from the $135 IPO price, and values the firm at a hefty $2.5 trillion.
Market Catalysts host Julie Hyman sits down with Epistrophy Capital Research Chief Market Strategist and The Drill Down podcast host Cory Johnson to discuss the upcoming SpaceX (SPCX) IPO. Johnson breaks down the company's key business segments and weighs in on its valuation. Asked whether he agrees with the proposed $135 IPO price, Johnson expressed caution, saying, "Projections out to the future to get to today's price are really optimistic."
Space stocks are catching a strong bid at midday Thursday, June 11. Virgin Galactic (NYSE:SPCE) stock is leading the pack, up 20% intraday on a fresh liquidity catalyst, while sector peers ride a broader wave of enthusiasm into a highly anticipated SpaceX IPO window. AST SpaceMobile (NASDAQ:ASTS) stock is up 7%, Planet Labs (NYSE:PL) stock ... Virgin Galactic Soars 20%, AST SpaceMobile Rises 7%, Planet Labs Gains 6%, Rocket Lab Advances 5% as Space Stocks Catch a Bid
Former xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbot
Virgin Galactic stock popped nearly 24% ahead of SpaceX's IPO.
Elon Musk's SpaceX (SPAX.PVT) is just one day away from its IPO liftoff, sending the stock into orbit and publicly trading on the Nasdaq. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Monetary Matters Network co-founder Jack Farley to discuss retail investor sentiment around the stock. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.
Yahoo Finance Senior Reporter Brooke DiPalma and Yahoo Finance Senior Business Reporter Ines Ferré outline what investors need to know about SpaceX's (SPAX.PVT) C-suite beyond CEO Elon Musk, including COO Gwynne Shotwell and CFO Bret Johnsen.
Here's what regular investors should know ahead of what's set to be the largest IPO in history.
Tesla's (TSLA) stationary storage business could benefit from SpaceX's data center capacity spending
The stock market float on Wall Street is expected to raise 75 billion dollars (£56.2 billion) and could make Elon Musk a trillionaire.
In the video above, Robinhood chief investment officer Stephanie Guild explains why she's not too bullish on the "Magnificent Seven" stocks these days.
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Jim Chanos questions SpaceX's valuation as its New York IPO seeks to raise $75B on Friday.
SpaceX is about to complete the biggest IPO in history.
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