(Photo: Reuters/Dado Ruvic/Illustration)
Investor appetite for billionaire Elon Musk’s rocket company appears not to have ended with the stock offering (IPOin its acronym in English) on Friday (12). This Tuesday (16), the shares of SpaceX (SPCX) jump another 10% in regular trading.
With the appreciation of the day’s shares, the newcomer to the Nasdaq surpassed Amazon (AMZN) in market value. With US$2.875 trillion, SpaceX surpassed the US$2.655 trillion company led by Jeff Bezos.
The company’s debut is widely seen as a dress rehearsal for a new generation of mega IPOs, with market participants watching for signs about investor appetite ahead of public offerings from artificial intelligence giants such as Anthropic and OpenAI.
The IPO gave Elon Musk the status of the first trillionaire in history.
“Elon deserves an extremely high award given his track record and his vision for anticipating technology trends,” said Shaun Maguire, partner at Sequoia Capital, who led the firm’s investment in SpaceX.
At the IPO price, its $2 billion investment would be worth more than $20 billion, a person familiar with the matter told Reuters.
Source: www.moneytimes.com.br
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