The SpaceX IPO lockup structure is unlike anything investors have seen before and the debut of SpaceX (NASDAQ:SPCX) that we saw on June 12 made history for the whole market. The price for the share was $135 and it is officially the biggest IPO in history, raising around $75 billion and the valuation of the company was ~$1.8 trillion and right now market cap has crossed $2.9 trillion (June 16th).
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$SpaceX(SPCX)$
Analyst Outlook & Business Breakdown
Arete Research: Initiated coverage with a Buy rating and a $401 price target, which implies a $5.3 trillion market valuation. The bullish sentiment is largely tethered to the explosive growth expectations for SpaceX's low-Earth orbit broadband network.
Three-Pillar Operations:
Valuation is driven by its diverse commercial and government launch services, the Starlink network, and the ongoing development of Starship.