SpaceX targets $1.8tn valuation in record market debut

About this episode

SpaceX is set to achieve a $1.8 trillion valuation in its upcoming IPO, while the U.S. markets face challenges amid geopolitical tensions and disappointing earnings from Broadcom.

SpaceX eyes a valuation of almost $1.8tn at its listing next week. It has marketed more than half a billion shares at $135 which will make it the largest IPO of all time. The U.S. equity markets end a five-day winning streak with oil falling back. Renewed tensions in the Gulf come as negotiators attempt to broker a ceasefire agreement between Israel and Lebanon. Israeli PM Benjamin Netanyahu tells CNBC that Lebanon must be demilitarized to ensure a lasting peace. Disappointing revenue forecasts from U.S. chip designer Broadcom sees investors sell off aggressively. Its market valuation shed $300m to put it on course for one of the biggest single-day wipeouts. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .

Topics covered

• SpaceX IPO
• market valuation
• U.S. equity markets
• oil prices
• Middle East tensions
• Broadcom revenue forecasts

Keywords

• SpaceX
• IPO
• valuation
• Broadcom
• U.S. markets
• oil prices
• Middle East
• Netanyahu

Mentioned in this episode

Organizations: SpaceX, Broadcom

Places: U.S., Gulf, Israel, Lebanon

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