SpaceX’s IPO could open the floodgates — and secondaries are booming in the meantime
View original at finance.yahoo.comSpaceX’s IPO could open the floodgates — and secondaries are booming in the meantime SpaceX's Starship rocket 38 launches during the 11th test flight on October 13, 2025 as seen from South Padre Island in Texas…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
Private companies are staying private much longer now, with many companies that would be top 30 in the S&P 500 historically going public years earlier
80% confidenceCompanies should open up private secondary capability as a great way to develop price discovery well in advance of the IPO
80% confidenceOpenAI and Anthropic are now over a trillion dollars of combined market cap, though three or four years ago they were valued much lower
80% confidenceLining up banks is a pretty big signal that SpaceX is serious about IPO, not just playing games
80% confidenceSpaceX IPO will likely be a sliver deal, only 5% of their company that's technically available
80% confidenceMore market cap is now housed in the private markets
80% confidenceJeff Bezos is going to launch a communication network to compete with Starlink
80% confidenceThe news that SpaceX may be considering various transactions with xAI and Tesla has caused a temporary pause in the market for SpaceX shares
80% confidenceSpaceX could create a reset in the IPO market if it were to go public this year
80% confidenceLast year was Rainmaker's biggest year, trading over $1 billion worth of secondaries
80% confidenceSpaceX is already pricing well above where the last tender round was and getting closer to that trillion and a half that they had discussed as a potential IPO price
80% confidenceSpaceX has a business that is largely profitable and has dominance in their two key businesses
80% confidenceElon Musk famously said he wouldn't take SpaceX public until rockets were flying to Mars regularly
80% confidenceIf anyone can build data centers in space cooled by space and run by solar panels directly from the sun, Elon's probably the guy
80% confidenceSpaceX will get a premium multiple well above what typical market rates would be, given the Elon halo effect
80% confidence