SpaceX IPO Archives -

Key Takeaways From the First SpaceX Earnings Report 0 (0)

SpaceX’s revenue exceeded Wall Street’s expectations in the company’s first quarterly financial report following its blockbuster initial public offering in June. Elon Musk’s satellite, space and artificial intelligence conglomerate reported revenue of $7.8 billion on Tuesday, greater than than the $6.81 billion analysts polled by Bloomberg estimated on average. It also unveiled an operating loss of $1.26 billion from its AI business, better than the consensus for a loss of $2.39 billion. SpaceX’s eagerly awaited quarterly results cap a roller coaster ride since the company raised $86 billion in the largest stock-market debut of all time. Its shares have since plunged in a bout [See More…]

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SpaceX Said to Target $75 Billion in IPO at $135 Per Share 0 (0)

SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its ⁠initial public offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. The rocket, satellite and artificial intelligence company aims to sell 555.6 million shares in the offering, the people said. Deliberations are ongoing and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, they said, asking not to be identified as the information isn’t public. The [See More…]