Price Officially Set At $135 As Retail Orders Top $100 Billion (Live Updates)
Forbes • • general
Key Points:
- SpaceX set its IPO price at $135 per share, with retail traders reportedly submitting orders exceeding $100 billion, potentially breaking investor demand records for Elon Musk’s company.
- Senator Elizabeth Warren expressed concerns about the IPO, urging the SEC to investigate valuation methods, governance structure, and investor protections before allowing the public offering.
- Analysts warn that SpaceX may be overvalued, projecting a fair trading price closer to $63 per share and cautioning investors about the disconnect between hype and fundamentals.
- SpaceX disclosed significant net losses in recent quarters, with profitability mainly driven by its Starlink connectivity business, while its space and AI divisions continue to operate at losses.
- Elon Musk, holding a 42% stake, is expected to become a trillionaire if shares trade at the IPO price, with other executives and early investors also poised for substantial increases in net worth.