SpaceX IPO Launches at $135, Setting Record Valuation
Space Exploration Technologies (SpaceX) made its public debut on October 6, 2023, at a share price of $135, achieving a valuation of approximately $1.77 trillion, the highest in IPO history and positioning it among the world’s most valuable companies.
The IPO was reported to be nearly four times oversubscribed, with retail investors receiving an unusual allocation of about 30% of available shares. Those unable to secure shares through brokers like Charles Schwab, Fidelity, and Robinhood will need to purchase them on the open market.
Despite its achievement, analysts raise concerns over the stock’s valuation, which stands at nearly 100 times sales. Morningstar estimates SpaceX’s fair value to be around $780 billion, significantly lower than its IPO valuation.
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