SpaceX to start trading on Nasdaq Friday morning
Спикеры
Ed Ludlow
— Соведущий, Bloomberg Technology
Bailey Lipschultz
— Репортер, Bloomberg
Ed Ludlow and Bailey Lipschultz discuss the record-breaking SpaceX IPO, which raised $75 billion by pricing 555.6 million shares at $135 each. They explore the bull case centering on orbital data centers potentially generating revenues sooner than projected, the dynamics of retail investor allocations, and the possible spillover effects on Tesla shares as retail moves to fund SpaceX purchases.
- SpaceX raises $75 billion in the largest IPO ever, pricing at $135 per share.
- Many investors believe orbital data center revenues will arrive sooner than SpaceX's prospectus timeline.
- ARK Invest models a path to a $300 billion valuation based on Starlink cost data and Starship success.
- Retail investors may be disappointed with allocations, given small float and huge demand.
- Ed Ludlow flags possible Tesla selling pressure as retail investors raise cash to buy SpaceX shares.
- Lockup restrictions prevent insider selling until after Q2 earnings, keeping float tight initially.
- Price discovery on the first day could be volatile, with the initial trade expected in the afternoon.
Идеи
Orbital data centers could accelerate SpaceX revenues.
Many investors are even more bullish on SpaceX's near-term opportunity than the company itself projects in the prospectus. The idea of orbital data centers generating revenues is believed to be more imminent, potentially as early as 2028. ARK Invest's Brett Winton models the data center business using known Starlink satellite costs and deployment numbers, concluding SpaceX can rapidly book revenues if Starship works, supporting a valuation path toward $300 billion.
Retail investors may sell Tesla for SpaceX.
Tesla shares could see selling pressure as retail investors who missed the SpaceX IPO allocation may sell their Tesla holdings to free up cash to buy SpaceX, especially those with concentrated wealth tied up in Tesla. This dynamic makes Tesla worth watching on SpaceX's first trading day.
Далее
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