SpaceX Prepares for Historic IPO
SpaceX, led by Elon Musk, is poised to launch its initial public offering on June 12, potentially achieving a valuation exceeding $1.7 trillion. This follows a recent IPO by AI chip company Cerebras Systems and comes as AI labs Anthropic and OpenAI have filed for confidential IPOs. Over the past three years, prominent tech stocks, including Nvidia and Tesla, have seen significant gains of 400% and 70%, respectively.
Last year, SpaceX’s Starlink generated $4.4 billion in operational income, but the company recorded a loss due to $12 billion in capital expenditures within its AI unit. Morningstar estimates SpaceX’s worth at $780 billion, significantly lower than the anticipated IPO valuation. SpaceX is pricing its shares at $135, although market conditions may see it open higher, similar to Cerebras, which saw a 68% first-day gain.
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