SpaceX lands Google AI compute deal
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SpaceX denied fast track to S&P 500
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SpaceX, IPO
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SpaceX's entry will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs. Reuters U.S. M&A Editor-in-Charge Echo Wang examines the IPO and whether sky-high multiples are justified or reflect the so-called Musk premium.
SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
S&P Global said it was not changing the requirements for entry, effectively ruling out a swift entry for the IPO into the benchmark S&P 500 index.
Rocket Lab gives investors another way to play the space race.
Your pension plan may not be forced to buy SpaceX stock after all.
Four Rocket Lab insiders sold roughly $18 million worth of stock after the company’s shares surged amid excitement surrounding SpaceX’s planned IPO.
Many current and former staffers have stakes valued at millions of dollars and will be able to tap them more easily after the rocket maker goes public.