SpaceX Takes Important IPO Step

Daily Profit Investing Research
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Elon Musk finally wants to take SpaceX public.

The company has hired Bank of America, Goldman Sachs, JP Morgan and Morgan Stanley as investment bankers.

Frankly, it’s about time. The company is 24 years old. It generates over $15 billion in annual revenues. And it’s currently valued at $1.25 trillion.

SpaceX would be the 10th most valuable company in the S&P 500 – if it were listed on a stock exchange. That would make it more valuable than Walmart, JP Morgan, and Exxon.

Elon has long avoided taking the company public.

However, the company now plans to launch a constellation of 1-million satellites. It’s a huge undertaking to build AI datacenters in space. This initiative will require a massive infusion of fresh capital.

An IPO could help the company raise $30 – $50 billion from investors. This capital is critical to achieving the company’s ambitious goals.

Ian

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