SpaceX IPO Announcement
SpaceX is set to initiate its initial public offering (IPO) on the Nasdaq Exchange later this month, targeting a historic $2 trillion valuation. The IPO may take place as early as June 12. This move positions SpaceX to become the largest IPO in U.S. history, surpassing the previous record held by Meta Platforms at $81 billion.
The company reported $19.3 billion in sales over the last year, translating to a price-to-sales ratio of approximately 103, which is 40% higher than Palantir Technologies, the priciest stock in the S&P 500, which sits at 73. Notably, the ten largest U.S. IPO stocks have underperformed the S&P 500 by 127 percentage points since their listing, raising concerns about the sustainability of SpaceX’s valuation.
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