SpaceX Said to Close IPO Book-Building After Wednesday Market Close
Summary
- SpaceX plans to close IPO subscriptions after the US market closes on Wednesday.
- Goldman Sachs valued SpaceX at about $1.78 trillion.
- Market participants say this IPO could become one of the largest listings in US stock market history.
Forecast Trend Report by Period
Elon Musk's SpaceX plans to close book-building for its initial public offering after the US market closes on Wednesday, according to a report. Investors are closely watching the company's listing timeline and valuation.
Walter Bloomberg reported on June 8 that SpaceX intends to wrap up the IPO book-building process after Wednesday's market close.
Book-building is the process of setting the offering price based on demand from institutional investors. The final IPO price and share allocation are set to be determined after the subscription period ends.
Goldman Sachs recently valued SpaceX at about $1.78 trillion, with its artificial intelligence business and Starlink expected to drive future growth.
Market participants say the IPO could rank among the largest US listings on record.
SpaceX has not officially announced the size of the offering or the final listing schedule.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
