SpaceX Stock Reaches All-Time Low. Here's the Case for Buying Before Aug. 4 Earnings.
SpaceX's growth vision remains entirely intact.
Overview
Space Exploration Technologies (NASDAQ: SPCX) recently completed one of the most successful IPOs in history.
When the company's IPO was announced, analysts expected SpaceX to raise between $50 billion and $75 billion. As the space stock's IPO drew closer, the company confirmed that it would target the high end of that range: $75 billion.
Details
SpaceX's public debut, of course, was a wild success. Underwriters were able to sell so much stock at the intended price that so-called "greenshoe options" were triggered, allowing them to sell even more SpaceX stock to the public. This brought SpaceX's total IPO proceeds to $87.5 billion.
Source
Originally published at www.fool.com.
Related Articles
- Mark Zuckerberg's Meta Is in Early Talks to Lease $10 Billion of AI Compute to Anthropic, a Potential New Revenue Stream That Could Justify Its Massive AI Spending
- This Stock Market Valuation Metric Just Hit a Two-Decade High. Here's What History Says the S&P 500 Does Next.
- BTS' concerts have been so successful, it's now bad for its own agency Hybe's shares
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.