Wall Street giants tout SpaceX at pre-IPO investor events
Wall Street powerhouses including Bank of America, Morgan Stanley and JPMorgan are hosting events to pitch SpaceX ahead of a potential listing. Elon Musk addressed institutional investors at one such gathering, with valuation and growth narratives at the centre.
Photo: James Kampeis / PexelsWall Street's largest investment banks, including Bank of America, Morgan Stanley and JPMorgan, are hosting flashy investor events around a possible SpaceX listing, Investing.com Americas reports. Elon Musk spoke at one such gathering, with presentations covering the company's launch cadence, satellite-internet unit and lift capacity.
Investor focus settled on the Starlink unit's revenue growth curve and the rising annual launch cadence. Banks said SpaceX shares trade in pre-IPO secondary markets and are pricing the company above a $400 billion valuation. That would make any listing one of the largest IPOs in the world.
On the regulatory side, the SEC's signals on filing timing remain unclear. Analysts say S&P Global's recent decision not to change its fast-entry index rule for mega IPOs has clouded SpaceX's potential index inclusion timeline. Debates around the company include government contracts, defence ties and governance questions.
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