00:00It's Benzinga, bringing Wall Street to Main Street.
00:03SpaceX's upcoming IPO carries a $1.77 trillion valuation, surpassing the combined market value
00:09of all 12 aerospace and defense companies listed on the S&P 500 index, which totals
00:15approximately $1.5 trillion, according to a Barron's report. Those 12 companies,
00:21including RTX Corp., Boeing, Northrop Grumman, and GE Aerospace, generated roughly $500 billion
00:27in revenue compared to SpaceX's $18.7 billion. Goldman Sachs, the lead underwriter,
00:34told prospective investors that SpaceX's revenue could exceed $474 billion by 2030.
00:41Deepwater Asset Management's Gene Munster called the IPO exciting for the tech sector.
00:46Investor Ron Barron predicted SpaceX could reach a $30 trillion valuation.
00:51NYU Stern professor Aswath Damadaran said he would avoid the IPO, citing
00:57valuation concerns. Pension officials from New York and California criticized SpaceX's
01:02dual-class share structure, which gives Elon Musk's Class B shares 10 votes each.
01:07For all things money, visit Benzinga.com.
Comments