The Telegraph101d agoneutral
Armchair investors plough £75bn into SpaceX IPOMore than £75bn has been ploughed into SpaceX shares by armchair investors before the rocket company’s stock market debut on Friday.
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Motley Fool101d agoneutral
The SpaceX IPO Hinges on This $26.5 Trillion Growth OpportunitySpaceX needs to capitalize on one key opportunity to justify its IPO valuation.
Reuters Videos101d agoneutralVIDEO
Elon Musk's SpaceX prices record $75 bln IPO at $135 a share<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>
Motley Fool101d agoneutral
The SpaceX IPO Could Trigger the Biggest Portfolio Reshuffling in Years. Are You Ready?The S&P 500 index is sticking to its rules, but other indexes are making changes to add SpaceX as quickly as possible.
Benzinga101d agobullish
Bitcoin, Ethereum, XRP, Dogecoin Jump After Trump Sparks Optimism On Iran Deal: Analyst Says SpaceX IPO Would Be 'Tricky' For The MarketsLeading 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
Reuters101d agobullish
Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lowsBy 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
The Conversation101d agobullish
SpaceX raised $75B in record IPO – here’s why insiders like Elon Musk are much likelier than public stock buyers to get rocket-powered returns these daysIn 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.
Yahoo Finance101d agoneutral
Stock market today: Dow, S&P 500 rise as investors await historic SpaceX IPOWall Street geared up for SpaceX's market debut and assessed prospects for an end to US-Iran hostilities.
Yahoo Finance101d agoneutral
Stock market today: Dow, S&P 500, Nasdaq futures slide as investors await historic SpaceX IPOUS stock futures rose as Wall Street geared up for SpaceX's market debut and welcomed easing tensions between the US and Iran.
Yahoo Finance101d agoneutral
Stock market today: Dow, S&P 500, Nasdaq futures rise as investors await historic SpaceX IPOUS stock futures rose as Wall Street geared up for SpaceX’s market debut and welcomed easing tensions between the US and Iran.
Reuters101d agoneutral
SpaceX IPO makes Elon Musk the world's first trillionaireBy 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
Reuters101d agoneutral
Musk's SpaceX raises $75 billion in largest IPO everElon 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.
Investor's Business Daily101d agoneutral
Dow Jones Futures: Stock Market Jumps On Trump's Iran U-Turn; SpaceX IPO Prices At $135Dow 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.
Reuters101d agoneutral
Trading Day: Peace beckons ... againBy 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.
TheStreet101d agoneutral
First analyst coverage of SpaceX stock sets a bold targetElon 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 ...
Yahoo Finance Video101d agoneutralVIDEO
SpaceX takes unconventional route to pricing its stock ahead of IPOIt'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 Video101d agoneutralVIDEO
SpaceX ETFs are coming in hot. What should investors expect post-IPO?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.
Reuters101d agoneutral
Musk's SpaceX prices record $75 billion IPO at $135 a shareBy 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
Moneywise101d agoneutral
SpaceX cafeteria workers poised to become millionaires after blockbuster IPO — 4,400 employees set to hit 7-figures“I guess it’s too late for me to pivot careers to become a food service specialist in Brownsville, Texas.”
decrypt101d agoneutral
Crypto Platforms Broaden Access to Elon Musk's SpaceX Ahead of $1.75 Trillion IPOWith the help of crypto rails, retail investors have a variety of ways to bypass traditional Wall Street gatekeepers to get SpaceX exposure.
Reuters101d agobearish
States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX(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
Motley Fool101d agobullish
Could Alphabet Be the Best Way to Buy SpaceX and Anthropic Before Their IPOs?Google's parent company made strategic investments in both innovative enterprises.
Yahoo Finance101d agobullish
Oppenheimer slaps Outperform rating on SpaceX, $190 price target ahead of market debutOppenheimer 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.
Yahoo Finance Video101d agobullishVIDEO
SpaceX IPO buyers are betting on an idea, not a businessMarket 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."
The Guardian101d agobearish
Musk’s xAI fired engineer for raising concerns about Grok chatbot, lawsuit claimsFormer xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbot
Yahoo Finance101d agoneutral
Virgin Galactic stock pops ahead of SpaceX IPOVirgin Galactic stock popped nearly 24% ahead of SpaceX's IPO.
Yahoo Finance Video101d agoneutralVIDEO
Retail investors tell YF how they really feel about SpaceX IPOElon 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 Finance101d agoneutral
Insights from Wall Street: 3 things regular investors should know about the SpaceX IPOHere's what regular investors should know ahead of what's set to be the largest IPO in history.
Yahoo Finance101d agoneutral
Here's the SpaceX CFO's 'holy grail' for financial modelsIt's all about those reusable rockets.