Benzinga verify icon

4h
...

Can DOGE Benefit From Elon Musk’s Record SpaceX IPO?

The SpaceX IPO Timeline

Polymarket bettors give SpaceX a 90% chance of going public by September 30 and a 70% chance by June 30. 

The company targets a June listing with Goldman Sachs, JPMorgan, Morgan Stanley, and Bank of America in senior roles.

On valuation, 49% of traders expect the closing market cap to exceed $2 trillion, which would place SpaceX as the 6th largest company by market cap below Amazon and above TSMC. 

SpaceX quietly raised its Falcon 9 launch price from $69.75 million to $74 million between mid-January and early February, fattening margins ahead of the S-1.

The Starlink Growth Engine

The SpaceX IPO is really about Starlink, a satellite internet network that crossed $10…

Read more on Benzinga

2.1K Reads