SpaceX Believes Its IPO Is "Highly Dependent" on This 1 Catalyst
A single initiative will have a huge impact on SpaceX's growth prospects.
Overview
SpaceX is getting ready to go public. With a targeted valuation of $1.77 trillion, SpaceX would instantly become one of the biggest IPO stocks in history.
Every investor should be asking themselves one question: Where exactly is this valuation coming from? Digging into the company's IPO prospectus is the best way to find out. Buried in this 370-page document is a surprising phrase: The company claims that long-term growth will be "highly dependent on the successful development and scaling" of a single project.
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Originally published at www.fool.com.
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