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Analysts Initiate Bullish Coverage on SpaceX After Quiet Period
Major brokerages initiated coverage of SpaceX with mostly buy ratings and price targets ranging from $205 to $800 after the post-IPO quiet period ended. The bullish calls underscore Wall Street confidence in the company's launch, Starlink and government contract businesses following its $75 billion June IPO.
SpaceX Raises $75B in Record IPO Ahead of Nasdaq Debut
SpaceX is raising $75 billion by selling 555.6 million shares at $135 each in the largest IPO on record, valuing the company at $1.77 trillion ahead of its Nasdaq debut Friday under ticker SPCX. The offering highlights Musk's control, Starlink profitability amid heavy AI spending, and ongoing losses that make the bet largely a wager on the founder.
Coinbase Launches Pre-IPO Perpetual Futures on SpaceX
Coinbase launched pre-IPO markets with perpetual futures on SpaceX for non-US users allowing 24/7 trading settled in USDC that automatically transitions post-IPO. The move intensifies competition among crypto platforms to offer synthetic private market exposure as the tokenized RWA sector expands rapidly to $51 billion.
From the feed · 4
SpaceX advanced with other tech names after a weak jobs report triggered a broad market move. The private company's valuation gains came alongside public peers reacting to softer employment data.
$28 billion in SpaceX holdings has been erased from Google's portfolio after the private company's valuation dropped. The adjustment reflects a broader markdown on the shares held by Alphabet.
Ark Invest continued buying SpaceX and Circle after their Q2 earnings, moving both into the top 10 holdings of its flagship innovation fund.
Retail investors are reportedly buying the dip in SpaceX shares ahead of additional supply hitting the market.