Institutions: Market Downturn May Suppress SpaceX IPO Valuation Space

Odaily News Sam Kerr from Mergermarket stated that the ongoing market downturn triggered by the Middle East war could potentially reduce the scale of SpaceX's initial public offering (IPO). The decline in U.S. stock indices will limit the company's options for its issuance window. The Wall Street Journal reported that a confidential filing submitted to the U.S. Securities and Exchange Commission indicates SpaceX is expected to go public in July. "Launching any deal in a weak market—no matter how high-quality the company—limits the valuation you can achieve," Kerr said. He added that the expected size of the IPO itself also increases the challenges SpaceX faces, though Musk may be hoping for participation from retail investors to boost demand. (Jin10)