Bearish? Ron DeSantis Questions 'Exuberance' Around Elon Musk's SpaceX IPO
The offering is expected to price at $135 a share, while Morningstar values the company at $63 and warns of competition.
- SpaceX launches its initial public offering on Friday on the NASDAQ under ticker SPCX, targeting a $1.75 trillion valuation at $135 per share and aiming to raise $75 billion.
- Governor Ron DeSantis expressed skepticism on Wednesday about the valuation, citing AI bubble-type overvaluations, stating he was unsure how the stock would perform despite his history with Elon Musk.
- Principal Venture Partners managing partner Songyee Yoon called these IPOs a "sobering moment," while analysts warn of volatility as investments concentrate in fewer names, exposing portfolios to earnings-call risk.
- Rodney Comegys, chief investment officer at Vanguard Capital Management, advised retail investors to exercise caution, calling IPO participation "highly speculative" and not ideal for long-term investing.
- SpaceX joins OpenAI and Anthropic in a trio of major AI-related IPOs expected later this year. Analysts note investor sentiment remains divided between confidence in Musk's vision and concerns about his divided professional attention.
10 Articles
10 Articles
SpaceX is poised for blastoff with an IPO likely to break records
Elon Musk's rocket company, recently merged with xAI, is aiming to raise $75 billion in its initial public stock offering. It's the first of a trio of mega-IPOs from AI companies expected this year.
SpaceX is a day away from making history in the world exchanges. Elon Musk's rocket, satellite and artificial intelligence company, led by Elon Musk, is entering the capital markets this Friday in which it will be the largest initial public offer ever (IPO in the English acronym). Elon Musk's company is currently the most valuable unlisted in the world. With the stock market, marked for Friday, SpaceX must raise 75 billion dollars (64.5 billion …
If everything goes as planned, the space and rocket company co-founded by Musk in 2002 will begin trading on the Nasdaq stock exchange on Friday morning, and all eyes will be on how Wall Street will assimilate the successful stock market exit that could cause shocks in world markets.
Bearish? Ron DeSantis questions 'exuberance' around Elon Musk's SpaceX IPO
Gov. Ron DeSantis is sounding skeptical notes about Friday’s highly-anticipated IPO for SpaceX. “I think everybody wants to buy that stock when it comes out. I just don’t know … sometimes exuberance, there’s a downside. I don’t know how the stock’s going to work out. I mean, I’ve heard different things,” he said Wednesday in Brooksville. The stock is expected to launch at $135 a share for 555.6 million shares, targeting a $75 billion raise. The …
SpaceX’s IPO this coming Friday is causing quite a stir on social media. Various ‘finfluencers’ (finance influencers) are discussing on their accounts…
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- 38% of the sources lean Left, 37% of the sources lean Right
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