Rocket Report: Nova Moving Through Test Campaign; SpaceX IPO Launches Friday
Investor demand has topped $250 billion, and the offering will test whether Musk can justify a near-100x earnings multiple.
- SpaceX debuts on Nasdaq today with a valuation of approximately $1.77 trillion, as investor demand topped $250 billion, exceeding the company's $75 billion target.
- Analysts describe the IPO as a "referendum" on CEO Elon Musk, testing how much faith investors have in this individual entrepreneur and his ability to open new markets.
- New Street Research analysts forecast the stock could reach $165 within 12 months, reflecting 22 percent upside, though SpaceX trades at nearly 100 times projected earnings versus roughly 10 times for Apple.
- Investors weigh Musk's insistence on retaining an estimated 80-85% of voting rights; James Dow of London Business School urged caution, noting the valuation is "inevitably very tied up with him."
- Starlink generated approximately $11.4 billion in revenue during 2025, accounting for 61% of SpaceX's total revenue, while development of Starship consumes about $3 billion annually.
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Le Journal de QuebecQuebecers ignored the apocalyptic forecasts and embarked on the SpaceX rocket, which took flight on Friday at Nasdaq.
How Musk's tactics left investors clamoring for SpaceX stock and ...
Top Venture Capital Investor: Elon Musk Has 'De-Risked All the Physics' Behind Starlink and Colossus
The post Top Venture Capital Investor: Elon Musk Has ‘De-Risked All the Physics’ Behind Starlink and Colossus appeared first on 24/7 Wall St.. SpaceX began trading on NASDAQ this morning, and one of the company’s longtime venture capital backers offered a loud endorsement. On CNBC’s Squawk Pod, David George, a partner at venture capital giant Andreessen Horowitz (a16z), said Elon Musk’s space and AI businesses have largely solved their toughest …
Maye Musk, the mother of the world's richest man, is also present in the home of the bag. Hundreds in front of the maxi screen in Times Square
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