Investor Ross Gerber of Gerber Kawasaki has backed the Elon Musk-led commercial space flight company SpaceX‘s IPO following a successful Starship rocket test.
Perfect Timing
In a post on X on Saturday, Gerber hailed SpaceX’s successful test following multiple delays. “Incredible. Perfect timing for the IPO,” Gerber said. He added that the space flight giant had opened a “new frontier in space” following the launch test.
A successful launch could boost investors’ and prospective investors’ confidence in the company, as well as in CEO Musk’s vision of reaching the lunar surface and Mars, and establishing a network of AI satellites in orbit.
How Retail Investors Could Participate In SpaceX IPO
SpaceX has allocated a certain amount of shares to be sold to retail investors via platforms like Robinhood Markets Inc. (NASDAQ:HOOD) and SoFi Technologies Inc. (NASDAQ:SOFI), among others. Notably, SpaceX has reportedly been mulling allocating up to 30% shares for retail investors during the IPO.
On the other hand, investor Gary Black of The Future Fund LLC said that investors could be handed an initial boost following the IPO due to expedited entries into the indices like the S&P 500. However, he has also raised concerns about SpaceX’s valuation.
For the blockbuster IPO, SpaceX has reportedly chosen Goldman Sachs Group Inc. (NYSE:GS) to be the lead underwriter. Investment bank Morgan Stanley (NYSE:MS) will also reportedly be playing a key role in the listing.
However, some experts warn that the IPO could negatively impact Tesla Inc. (NASDAQ:TSLA) investors as it could take Musk’s attention away from the EV giant.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Image Credit: Jefferson Graham-USA TODAY NETWORK via Imagn
Recent Comments