SpaceX, IPO
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SpaceX intends to go public in 2026 and will seek a valuation of $1.5 trillion, according to media reports. Elon Musk's company has been private since its founding in March 2002. Over the past six days,
Word of the IPO was pushing up shares in other space companies. Cedar Park-based Firefly Aerospace Inc. was up about 11.5% by late afternoon Wednesday.
SpaceX, the Elon Musk-owned aerospace company, is planning to go public next year with a potential $1.5 trillion IPO, which would set a new record for a new public offering and have a huge impact
The Palo Alto, California-based company sold 21.5 million shares and the backers sold 13.1 million shares at $14 apiece, according to a statement Thursday. The stock was marketed for $12 to $14 each, according an earlier filing. The IPO was multiple times oversubscribed.
The company expects to generate about $15 billion in revenue this year, with most of it coming from its Starlink satellite internet service.
The Eternal, formerly Zomato, backed e-commerce platform Shiprocket has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) with market regulator Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
According to Investorgain, Corona Remedies' unlisted shares are trading at a grey market premium (GMP) of Rs 290. Considering the upper price band of Rs 1,062, the company's shares are expected to list at around Rs 1,352, reflecting a grey market premium of 27.31 per cent.
Surging EchoStar stock could have more upside if SpaceX ends up going public in 2026 at anything close to the reported $1.5 trillion valuation that the Elon Musk-controlled satellite, rocket, and space company could seek.