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Maroc Maroc - WN.COM - Science - 04/Apr 05:48

SpaceX seen as make-or-break test for mega IPOs

The global IPO market has needed a win for years and Elon Musk’s SpaceX could be the breakthrough. The last company to make a market debut at over a trillion dollar valuation was Saudi Aramco (2223.SE) in 2019. An over “trillion-dollar” valuation, a CEO with a cult-like retail following and exposure to a ​high-growth industry – SpaceX has the elements the IPO market has sought to end a years-long drought in mega-deals. But whether investors have the appetite ‌for a listing of this size remains uncertain. Besides, the company is so unique that its success could have limited spillover on broader market sentiment, analysts and experts said. “It’s either a bellwether or a harbinger,” Brian...

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