Prediction: SpaceX Stock Will Hit This Price in July
Is the SpaceX IPO overhyped?
Prediction: SpaceX Stock Will Hit This Price in July
Overview
SpaceX is set to go public on Friday, becoming the biggest IPO on record.
The space exploration, satellite internet, and AI company led by Elon Musk is expected to raise $75 billion in its public offering at a valuation of $1.75 trillion. The company has already set the listing price at $135 a share, bypassing the traditional price discovery process that helps ensure initial investors are paying a fair price.
Details
The offering is receiving an unusual level of support from big banks, as JPMorgan Chase and Bank of America have held events to sell the stock to both high-net-worth individuals and retail investors, and JPMorgan Chase CEO Jamie Dimon even hosted one such event.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
