Jun 04, 2026 (The Australian Financial Review - ABIX via COMTEX) --
Rocket, space, and AI company SpaceX is planning to offer about 555.6 million shares at $US135 apiece as it prepares to debut on the Nasdaq, valuing it at $US1.77 trillion ($2.5 trillion). However, research house Morningstar claims it is worth less than half that amount at around $US780 billion ($1.09 trillion), and while it thinks SpaceX's shares might perform well in the short-term, it notes that 'selling pressure' will emerge in the months following the IPO, due to the fact that successive tranches of stock held by private investors and employees are due to be sold into the public market.
Publication Date: 5 June 2026
SPACE EXPLORATION TECHNOLOGIES CORPORATION
MORNINGSTAR PTY LTD
COMTEX_483044906/2229/2026-06-04T19:34:10
By Alex Gluyas
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