SpaceX Lists on Nasdaq June 12 with $1.8 Trillion Valuation, $135 Share Price

According to Barron's analysis, SpaceX is set to list on Nasdaq on June 12 with an expected valuation of $1.8 trillion and share price of $135, issuing approximately 555 million shares. However, analysts warn the valuation may prove excessive; the company posted a $5 billion loss last year while commanding a price-to-sales ratio of roughly 95 times. LPL Financial's Thomas Shipp noted the company aims to achieve unprecedented objectives using technology that does not yet exist, noting "the scale, profitability, and ambitious timeline may cause significant market volatility at listing." Concerns mount that SpaceX's massive IPO could siphon capital from other tech stocks and telecommunications companies reliant on traditional satellite services.
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