Musk Considers SpaceX IPO Timing with Planetary Event
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15h ago
0mins
Source: Benzinga
- IPO Timing Consideration: Musk is contemplating a mid-June IPO for SpaceX, coinciding with a rare conjunction of Jupiter and Venus, which could attract heightened investor interest.
- Funding Target: SpaceX aims to raise up to $50 billion, potentially valuing the company at around $1.5 trillion, which would surpass Saudi Aramco's $29 billion listing in 2019, making it the largest IPO in history.
- Tight Timeline: Despite the promising IPO outlook, some bankers caution that the June timeline may be overly ambitious, as the company still needs to file its Form S-1 with the SEC and conduct a global roadshow.
- Market Impact: SpaceX executives are in close discussions with investment bankers, and while preparing for the IPO, the ongoing sale of existing shares is valued at approximately $800 billion, which could enhance the market performance of related space stocks.
Analyst Views on ASTS
Wall Street analysts forecast ASTS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASTS is 74.26 USD with a low forecast of 43.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
3 Hold
2 Sell
Hold
Current: 111.340
Low
43.00
Averages
74.26
High
100.00
Current: 111.340
Low
43.00
Averages
74.26
High
100.00
About ASTS
AST SpaceMobile, Inc. is engaged in building a global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on its intellectual property (IP) and patent portfolio and designed for both commercial and government applications. The Company is engaged in designing and developing the constellation of BlueBird (BB) satellites and has planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. Its SpaceMobile Service is being designed to provide high-speed cellular broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices. The Company intends to continue testing capabilities of the BW3 test satellite, including further testing with cellular service providers and the government. The Company has operations in India, Scotland, Spain, and Israel.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








