"SpaceX is considering Bank of America, JP Morgan, Goldman Sachs and Morgan Stanley for leading roles in an initial public offering, according to the Financial Times and Reuters. The US aerospace tech company reportedly held talks last year over a private share sale that values the business at $800bn (591bn), months after it was valued at $400bn. Reuters has also reported that SpaceX is seeking to raise $25bn from what would be one of the biggest ever global listings if it goes ahead."
"Musk's ambitions to colonise Mars were the headline grabber for SpaceX, but investors will pay more attention to growth plans, such as putting solar farms and datacentres into orbit. Referring to a potential OpenAI IPO, Wilson added: SpaceX is going to garner a lot of attention but it's going to be a real test for these AI IPOs. If OpenAI does IPO then it's a litmus test for the entire sector can we really hang our hats on a startup? Do the figures add up? The stock market has been riding the AI wave for two years and faces a stern test"
SpaceX is lining up four major Wall Street banks — Bank of America, JP Morgan, Goldman Sachs and Morgan Stanley — to lead a potential initial public offering. Private share talks have implied a valuation near $800bn following an earlier $400bn figure, and the company is seeking roughly $25bn in a possible global listing. Annual revenue is projected at $15.5bn, including $1.1bn from NASA contracts. Revenue streams include reusable rocket launches and the Starlink broadband service. A surge of large US tech IPOs is anticipated, with firms like OpenAI and Anthropic carrying very large reported valuations. Investor focus is likely to centre on concrete growth plans such as in-orbit solar farms and datacentres, while major listings will act as tests for AI-sector valuations after two years of AI-driven market momentum.
Read at www.theguardian.com
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