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Elon Musk admits he “cannot predict” when his massive venture will make money, even as Starlink revenue tops $11 billion.
Source
MarketWatch
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Bloomberg Tech Co-Host Caroline Hyde joined Bloomberg's Paul Sweeney and John Tucker to discuss how Gulf wealth funds are pouring billions into SpaceX's IPO. Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering, according to people familiar with the matter, the latest indication of the region’s ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout. (Source: Bloomberg)
Millbank Dartmoor Portsmouth CIO Dennis Davitt says he hasn't seen anything like the SpaceX IPO since 2004. Investors are nervous about their positions.
Anna Watts, a 33-year-old public relations manager in New York, has stashed away $6,500 to buy SpaceX stock after it hits the market Friday. If she had her way, she’d buy even more. She tried to borrow $5,000 from her best friend and applied for a bank loan, too, but both turned her away.
Matt Kennedy, senior strategist at Renaissance Capital, and Josef Schuster, founder and CEO of IPOX Schuster, join Matt Miller on "Bloomberg Deals." SpaceX is offering 555.6 million shares at a fixed price of $135 each, which would raise about $75 billion. The stock is set to start trading on June 12. The IPO is expected to rank as the biggest ever, topping Saudi Aramco’s $29.4 billion listing in 2019. (Source: Bloomberg)
