SpaceX Jumps in First Trades Following Record $75 Billion IPO
About this episode
The episode discusses SpaceX's record $75 billion IPO and its implications for the stock market and the space economy.
Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses SpaceX’s IPO. Shares of SpaceX climbed in their first day of trading after the company made history with a $75 billion IPO. The stock sold for $150 in its opening trade on Nasdaq, 11% above its $135 offering price, and climbed as high as $168.75. -George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX’s IPO. According to Bloomberg Intelligence: The strongest 2Q revenue growth should come from xAI, as the Anthropic data-center deal adds $1.5 billion and propels SpaceX sales to $7.3 billion. -Ross Hamilton, Chief Operating Officer at Space Network, discusses the broad impact of SpaceX’s IPO, and the space economy. See omnystudio.com/listener for privacy information.
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