All space stocks soar in anticipation of SpaceX’s impending IPO
It appears SpaceX’s upcoming initial public offering (IPO) of publicly-traded stocks, now anticipated to raise as much as $75 billion for the company, has caused stock investors to also pour their money into a whole range of space stocks, causing them all to soar in value.
Initially, it was expected that the IPO could raise $50 billion for the company, but the latest report indicates it could raise as much as $75 billion, with a valuation as high as $1.75 trillion. The colossal figures being thrown around on Wednesday have garnered excitement among investors for other space stocks that are already publicly traded.
Here were the top gainers in the session:
- Firefly Aerospace: +19%
- Intuitive Machines: +11%
- AST SpaceMobile: +9%
- EchoStar Corporation: 9%
- Rocket Lab Corporation: +8%
The most recent indications suggest SpaceX will file the offering’s prospectus in the next week or so. If the predictions about it are correct, and SpaceX does raise $75 billion, it would then have on hand more than three times the cash that Congress normally budgets annually to NASA, with an ability to use that money far more effectively.
As I have been saying now for more than a year, the real space program for the United States is being run by SpaceX, not NASA. Expect SpaceX to outpace NASA in their parallel and complementary efforts to build a moonbase.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
It appears SpaceX’s upcoming initial public offering (IPO) of publicly-traded stocks, now anticipated to raise as much as $75 billion for the company, has caused stock investors to also pour their money into a whole range of space stocks, causing them all to soar in value.
Initially, it was expected that the IPO could raise $50 billion for the company, but the latest report indicates it could raise as much as $75 billion, with a valuation as high as $1.75 trillion. The colossal figures being thrown around on Wednesday have garnered excitement among investors for other space stocks that are already publicly traded.
Here were the top gainers in the session:
- Firefly Aerospace: +19%
- Intuitive Machines: +11%
- AST SpaceMobile: +9%
- EchoStar Corporation: 9%
- Rocket Lab Corporation: +8%
The most recent indications suggest SpaceX will file the offering’s prospectus in the next week or so. If the predictions about it are correct, and SpaceX does raise $75 billion, it would then have on hand more than three times the cash that Congress normally budgets annually to NASA, with an ability to use that money far more effectively.
As I have been saying now for more than a year, the real space program for the United States is being run by SpaceX, not NASA. Expect SpaceX to outpace NASA in their parallel and complementary efforts to build a moonbase.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News