Barring any last-minute surprises, SpaceX will go public this Friday, setting a new Wall Street record for amount raised.
The rocket/AI company is seeking to add at least $75 billion to its coffers and has set a valuation of $1.75 trillion
Both of those numbers could wobble a bit in the days leading up to the IPO. Despite Elon Musk’s declaration that the IPO price would be $135 per share, the company can adjust that as late as Thursday afternoon, depending on investor interest and feedback from the company’s road show. Must Read – Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’ – Prime US real estate was a rich person’s game — then something changed.
Now everyday Americans are getting a piece of the action for as little as $100 – Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks. Here’s where their money is going As investors wait for the first trade, a growing number of financial experts are saying SpaceX is aiming too high with its IPO. And the latest is a professor who is best known as the “dean of valuation.” Aswath Damodaran, a professor at NYU’s Stern School of Business, says he believes SpaceX’s equity value is roughly $1.3 trillion (1), nearly a half trillion less than the company claims.