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Image used for representationa purposes. File | Photo Credit: Reuters The dip in SpaceX’s shares below its blockbuster IPO price of $135 a share is an ominous sign for Elon Musk’s internet and rocket company as it faces more potential volatility in early August, when the number of shares available for trading on the Nasdaq…
Read More “SpaceX selloff an ominous sign as lockup expiry looms” »
The SpaceX initial public offering (IPO), set for June 12, on Nasdaq (SPCX) is expected to be the largest single listing in history. The company is targeting a $75 billion raise at a valuation of $1.75-2 trillion. SpaceX is seeking a large liquidity influx to fund its Orbital Data Centre (ODC) initiative and terrestrial expansion…
Read More “SpaceX IPO is really Elon Musk’s gamble to save his empire” »
SpaceX founder Elon Musk. File | Photo Credit: Reuters SpaceX is telling prospective investors its board will not need a majority of directors who are independent of the company, according to an excerpt of its IPO filing reviewed by Reuters, underscoring how founder Elon Musk is retaining control of the rocket and artificial intelligence maker….
Read More “SpaceX IPO filing shows Elon Musk can retain board control” »