SpaceX (SPCX) IPO raises $75 billion with new price target of $190
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowSpaceX (SPCX) launched its IPO at a price of $135, raising $75 billion, and closing on its first day at $160.95, a 19% increase. This positions SpaceX as the largest U.S. stock-market IPO by amount raised, surpassing Alibaba's $21.8 billion in 2014. Oppenheimer set a price target of $190, indicating an 18% potential upside based on the latest close. Analysts suggest that Starlink's anticipated revenue of $11.2 billion in 2025 could enhance growth prospects, indicating a significant opportunity for investors in the company’s future.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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