Entity: Sluggish Market or Suppression Could Limit SpaceX IPO Valuation

BlockBeats News, April 2nd, Sam Kerr of Mergermarket stated that the ongoing market downturn sparked by the Middle East conflict could potentially reduce the size of SpaceX's initial public offering (IPO). The drop in U.S. stock indices will limit the company's choice of issuance window. The Wall Street Journal reported that a confidential filing submitted to the U.S. Securities and Exchange Commission indicated that SpaceX is expected to go public in July.

“Issuing any deal in a weak market—no matter how high-quality the company is—will restrict the valuation you can achieve,” Kerr said. He added that the expected size of the IPO itself has added to the challenges faced by SpaceX, but Musk may be hoping for retail investor participation to boost demand. (Golden Finance)