SpaceX Is Said to Target $75 Billion in IPO at $135 Per Share

About this episode

The episode discusses SpaceX's upcoming IPO and corporate governance issues surrounding Elon Musk's control over the company, along with insights on Medtronic's earnings forecast.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu - George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX’s IPO. The company aims to sell 555.6 million shares in the offering and is targeting a valuation of at least $1.8 trillion. The IPO is expected to start formal marketing on June 4 and price as early as June 11, with the company making its debut on Nasdaq and Nasdaq Texas under the symbol SPCX. -Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his Opinion column: “C-Suite Throws Governance Out With the Garbage.” Elon Musk will have 85% voting control of SpaceX following its initial public offering and will serve as chairman, CEO, and chief technology officer. Musk will appoint most of the board's directors and cannot be fired, and public investors will waive their rights to jury trials and class actions. -Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses Medtronic earnings. Medtronic forecast adjusted earnings per share for 2027; the guidance missed…

People in this episode

Hosts: Paul Sweeney, Scarlet Fu

Guests: George Ferguson, Gautam Mukunda, Matt Henriksson

Topics covered

• SpaceX IPO
• Aerospace and Defense
• Corporate Governance
• Medtronic Earnings
• Elon Musk
• Market Valuation

Keywords

• SpaceX
• IPO
• Elon Musk
• Medtronic
• Aerospace
• Governance
• Earnings Forecast

Mentioned in this episode

Organizations: SpaceX, Medtronic, Bloomberg Intelligence, Yale School of Management, Bloomberg Opinion

Places: Nasdaq, Nasdaq Texas

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