Svmuu News: Since SpaceX’s record-breaking IPO last month, investors have largely been “feeling their way in the dark,” lacking sufficient financial forecasts to determine the company’s fair value. That situation will change next week, when the quiet period for bank analysts involved in underwriting SpaceX’s $86 billion IPO ends.
The IPO is being led by Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase, with 18 other banks participating. Starting next Tuesday, investors will be inundated with a flood of new research reports, target price forecasts, and growth projections—information that will help shed light on the trajectory of SpaceX’s stock price in the short term and over the next few years.Art Hogan, chief market strategist at B. Riley Wealth, said, “Everyone is talking about what this company might look like in 2030, rather than what it can do in the next 12 months.” He added, “This is an investment focused on a brighter future, but we still need to keep an eye on the next four years.” (Jin Shi)