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SpaceX Reportedly Lowers IPO Valuation Target
SpaceX Reportedly Lowers IPO Valuation Target
SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming initial public offering, Bloomberg reported, citing people familiar with the matter. This is below an earlier goal of more than $2 trillion.
In practice, the initial IPO valuation target is a marketing range, not a final number. Therefore, any valuation shifts ahead of the trading day would not be unusual. This suggests advisers are calibrating the deal to what investors are willing to absorb, especially given the massive proposed raise of...
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SpaceX, Google Eye Orbital Data Centers As Small-Town Resistance Grows
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With roughly half of planned U.S. data center buildouts this year expected to be delayed or canceled amid mounting power constraints and local opposition, tech bros are increasingly looking beyond Earth and toward space for the next phase of compute expansion.
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