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.
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.
