SpaceX's $1.8 trillion IPO raises concerns over valuation and Musk's governance structure
By
Andy Hirschfeld
The bagel they save for the regulars. Don't skim, savour.
Summary
SpaceX is preparing for what could be the largest IPO in U.S. history, with a valuation of nearly $1.8 trillion ($135 per share), surpassing Saudi Aramco's 2019 debut. AI companies OpenAI and Anthropic are also expected to go public soon. A new Nasdaq rule change could allow individual investors to buy shares within 15 business days of the first trading day. However, concerns are growing among pension funds and other investors over SpaceX's valuation and Elon Musk's governance structure, with some calling the IPO potentially 'highly undesirable' for certain institutional investors.
Key quotes
· 3 pulledSpaceX is valued at nearly $1.8 trillion, or $135 per share, surpassing Saudi Aramco, which debuted in 2019 at $1.7 trillion
SpaceX's IPO could challenge pension funds as concerns grow over its valuation and governance structure under Musk
Musk's $1.8 trillion SpaceX IPO could be 'highly undesirable' for some
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