4 Reasons I'm Not Touching SpaceX's IPO
The biggest IPO in history will be too hot to handle.
4 Reasons I'm Not Touching SpaceX's IPO
Overview
SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, will go public on June 12. It aims to raise $75 billion at a valuation of $1.77 trillion, making it the largest IPO in history. It's also reportedly more than four times oversubscribed. That's a lot of pent-up demand, but I wouldn't touch it for four simple reasons.
In 2025, SpaceX's revenue rose 33% to $18.67 billion. At its target IPO valuation, it would debut at 95 times last year's sales. Therefore, it could easily start trading at over 100 times sales.
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Originally published at www.fool.com.
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