SpaceX (SPACEX) IPO Expected at $75 Billion, Impact on Europe’s Market

SpaceX (SPACEX) is preparing for an initial public offering expected on June 12, with a valuation of $1.75 trillion and a potential $75 billion raising. Analysts suggest this monumental IPO could reduce investor demand for other listings in Europe, where the market is struggling. Samuel Kerr from Mergermarket indicated that typical IPO demand is around five times covered, but SpaceX's offering could absorb significant capital, resulting in diminished appetite for concurrent events. The outlook for Europe’s IPO space is further complicated by macroeconomic pressures, including rising interest rates and ongoing bond market volatility.