Newsgather

valuation

Steady278 stories16 sourcesLast updated: 1h ago

Latest Stories

SpaceX Set for Record $1.8 Trillion IPO Amid Valuation and Governance Concerns
Developing
Business·1d agoAI summary

SpaceX Set for Record $1.8 Trillion IPO Amid Valuation and Governance Concerns

SpaceX is poised to debut on the US public market with a record $1.8 trillion IPO, surpassing Saudi Aramco. The company, valued at $135 per share, has allocated 20% of shares to retail investors, drawing roughly $70 billion in orders. However, concerns arise over potential overvaluation, with analysts at MorningStar valuing SpaceX at $63 per share, a 53% discount. Additionally, governance concerns have been raised as Elon Musk is set to control up to 85% of voting power despite owning 42% of equity, limiting board accountability and shareholder influence.

A
Al Jazeera