SpaceX heads for record $1.78tn float amid fears it is overvalued
Key takeaways
- Space Exploration Technologies’ site in Hawthorne, California.
- Prefer the Guardian on GoogleElon Musk’s SpaceX is set to launch the biggest stock market float in history amid warnings that it may be overvalued.
- The space exploration, satellite broadband and AI company will join the US stock market on Friday at a valuation of $1.78tn, after offering at least $75bn of shares to investors through an initial public offering.
Why this matters: a developing story that could shape the day's news cycle.
Space Exploration Technologies’ site in Hawthorne, California. The IPO is oversubscribed by three or four times. Photograph: Patrick T Fallon/AFP/Getty View image in fullscreen Space Exploration Technologies’ site in Hawthorne, California. The IPO is oversubscribed by three or four times. Photograph: Patrick T Fallon/AFP/Getty Space XSpace X heads for record $1.78tn float amid fears it is overvalued Analysts say IPO that could make Elon Musk the world’s first trillionaire has a ‘major disconnect’ on price
Prefer the Guardian on GoogleElon Musk’s SpaceX is set to launch the biggest stock market float in history amid warnings that it may be overvalued.
The space exploration, satellite broadband and AI company will join the US stock market on Friday at a valuation of $1.78tn, after offering at least $75bn of shares to investors through an initial public offering.