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SpaceX (NASDAQ:SPCX) has raised $75 billion (£56 billion) from institutional investors ahead of its public market debut on Friday, positioning the aerospace and artificial intelligence company for what is expected to be the largest stock market listing ever. According to a filing with the US Securities and Exchange Commission, the company sold $75 billion worth of shares at $135 each.
While everyone else is fighting to own a stock that's likely to be down significantly in the foreseeable future, I'll be stepping into this overlooked, discounted opportunity.
SpaceX makes its Nasdaq debut this Friday in the largest flotation in history, but analysts warn that a sky-high valuation, weak shareholder rights and mounting losses could leave retail investors exposed.View on euronews
More than £75bn has been ploughed into SpaceX shares by armchair investors before the rocket company’s stock market debut on Friday.
SpaceX needs to capitalize on one key opportunity to justify its IPO valuation.
<body><p>STORY: SpaceX has officially priced its stock market listing at $135 per share.</p><p>The IPO has raised a record $75 billion for the rockets and AI firm, and sees it valued at $1.77 trillion.</p><p>That immediately makes it one of the world’s most valuable firms, and makes founder Elon Musk the world’s first trillionaire.</p><p>Shares in the company will now begin trading Friday (June 12) on the Nasdaq.</p><p>Whether $135 is the right price, however, that’s another matter.</p><p>Morningstar analyst Nicolas Owens is among those who think it looks high:</p><p>“We value it at $63 a share, which is the blended average of a range of scenarios that can be as high as $154 if you believe everything will go right and data centers in space are highly competitive. Or as low as a $40 a share if you really are just getting the rockets and Starlink, and the AI doesn't work out, so to speak.”</p><p>Owens says everything will have to go perfectly for SpaceX in future years to justify the sky-high valuation.</p><p>That includes its pledge to dominate industries that don’t even exist yet, such as data centers in space.</p><p>If the share price does fall, many small investors will feel the pain, with 30% of the offering reserved for retail buyers.</p><p>That’s far more than normal for a major IPO, and likely a move to capitalize on Musk’s cult-like following.</p><p>Morningstar’s Owens argues investors should wait to see how the company fares: </p><p>"Everyone will be monitoring these operational milestones around Starship reusability, the commercial model for data centers in space. And so, as you get more information on those, could be good, could be bad, but, we think it's probable that investors would have a better margin of safety at some future point.”</p><p>Other concerns include Musk’s unusual dominance over decision-making. </p><p>The IPO has been structured to give him 82% of voting power, leaving shareholders with little say.</p><p>SpaceX also remains unprofitable, having posted a loss of close to $5 billion last year.</p><p>While its Starlink satellite internet business is in the black, its AI unit is deep in the red amid huge costs to develop the new technology.</p><p>So far, however, none of that seems to have worried Musk’s eager investors.</p></body>
The S&P 500 index is sticking to its rules, but other indexes are making changes to add SpaceX as quickly as possible.
Asian stocks gained and oil dipped Friday after US President Donald Trump withdrew his threat of further strikes on Iran and said a deal could be signed in the coming days."Donald Trump's rhetoric flipped intraday from strike risk and hard military language toward no immediate attack, high-level diplomacy with Iran and talk of a deal being close enough to sign as soon as this weekend in Europe, with Vice President JD Vance expected to attend," said Stephen Innes at SPI Asset Management.
America's lumber supply is one trade dispute or one bad storm away from sending home construction costs surging by thousands of dollars. A startup in North Carolina thinks grass is the fix.*It's a good time to break into infrastructure. Here's 7 businesses you can start:* https://clickhubspot.com/d2ntPlantd was founded by former SpaceX engineers who set out to replace oriented strand board — the structural panels that wrap the walls, floors, and roofs of nearly every home built in the US — with panels made from a perennial grass that grows six inches a day and can be harvested twice a year. Their boards are independently certified for use in all 50 states and, according to their own testing, are 1.5x stronger and 2x more moisture resistant than standard softwood OSB. D.R. Horton, the largest homebuilder in the country, has already ordered 10 million of them.The catch: at 250k panels a year, that order alone would take 40 years to fill. Noelle went to Oxford, NC to see how Plantd plans to get there — and whether its bet on grass can hold up against one of America's oldest industries.Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://thehustle.co/join-free-2
Elon Musk's SpaceX was set to begin trading on the Nasdaq exchange Friday with the biggest initial public offering in history expected to make the polarizing entrepreneur the world's first trillionaire.SpaceX is the first out of the gates among leading AI giants eyeing public markets, with OpenAI and Anthropic both recently filing initial documents with regulators.
Leading cryptocurrencies climbed alongside stocks on Thursday after President Donald Trump called off “scheduled” strikes on Iran amid hopes for a peace deal. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:30 p.m. EDT)Bitcoin (CRYPTO: BTC)+1.84%$63,246.60Ethereum (CRYPTO: ETH) +1.33%$1,660.40XRP (CRYPTO: XRP) +2.72%$1.13Solana (CRYPTO: SOL) +3.60%$66.48Dogecoin (CRYPTO: DOGE) +2.12%$0.08570 Crypto Market Pops Bitcoin jumped to an intraday high of $63,850 as buying pressure surged. Ethereum
Here's what could happen if you make a big bet on the leading space company.
Everything about SpaceX's IPO is out of this world, including its valuation.
By Stella Qiu SYDNEY, June 12 (Reuters) - Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil
In the old days, companies went public early to access cash to grow. These days, soon-to-be-public companies are already flush with cash from private finance.
Warren Buffett once said the stock market is a no-called-strike game. You don't have to swing at every pitch. SpaceX (SPCX) is the most hyped pitch in a generation. We are letting it go by.
Wall Street geared up for SpaceX's market debut and assessed prospects for an end to US-Iran hostilities.
US stock futures rose as Wall Street geared up for SpaceX's market debut and welcomed easing tensions between the US and Iran.
US stock futures rose as Wall Street geared up for SpaceX’s market debut and welcomed easing tensions between the US and Iran.
SpaceX will start trading on the Nasdaq on Friday after it priced its initial public offering at $135 per share.
By Manya Saini and Niket Nishant June 11 (Reuters) - Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in
Shares of aerospace and defense company Redwire (NYSE:RDW) jumped 11.8% in the afternoon session after investor excitement surrounding the upcoming SpaceX initial public offering fueled a broad rally across space and aerospace stocks.
Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion. It's definitely going to be a long-term story, and I think it will take time for the stock to find its footing in the public markets.
Yahoo Finance's Josh Lipton takes a look at the top stories for investors to watch on Friday, Jun. 12, including SpaceX's (SPAX.PVT) highly anticipated initial public offering (IPO) and preliminary data for June consumer sentiment.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
By Jamie McGeever ORLANDO, Florida, June 11 (Reuters) - Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S.
Elon Musk's rocket company is hours away from going public, and Wall Street is already placing its bets. SpaceX lists on the Nasdaq on June 12 under the ticker SPCX at $135 per share, in what would be the largest IPO in stock market history. The company is targeting a $1.75 trillion valuation ...
It's SpaceX IPO Eve (SPAX.PVT) and Elon Musk's space company is setting its IPO price on Thursday night, taking an alternate route to offer stock at $135 per share rather than a general range. Yahoo Finance Senior Reporter Pras Subramanian breaks down this unconventional public stock offering. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX.
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.
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