Historic Debut: SpaceX Goes Public with an Astronomical Valuation of $1.7 Trillion
· Telemundo McAllen (KTLM)
SpaceX is set to make its historic debut on the stock market this Friday, with shares priced at $135 each, giving the company a staggering valuation of $1.77 trillion. Trading under the symbol SPCX, the initial price indications began at 9:50 a.m. ET, although actual trading may take hours to commence. Goldman Sachs leads the underwriting team, alongside Morgan Stanley and others. While the excitement around AI fuels market optimism, some analysts, like those from Morningstar, argue that SpaceX is overvalued, estimating its worth at $780 billion. The IPO is seen as a significant test for financial markets and investor appetite.
AI summary · Source: Telemundo McAllen (KTLM) →
