SpaceX's Target Valuation For Its Looming IPO Is Now Below $2 Trillion. Is That Good News For Investors?
5 Articles
5 Articles
SpaceX lowers IPO valuation target to at least $1.8 trillion
Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations with advisers and investors, the people said, asking not to be identified as the information isn’t public.
Watch SpaceX Said to Lower Target for IPO Valuation to $1.8 Trillion
SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to sources, after Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. Bloomberg's space and aviation managing editor Benedikt Kammel joins Tim Stenovec on "Bloomberg Tech."
Elon Musk lowers his company's valuation target from a towering number to a slightly less towering number just before the IPO
The aerospace giant will soon enter the stock exchange, but his arrival should be a little less spectacular than expected.
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