SpaceX IPO valuation scrutiny meets fresh $25B bond sale; stock down 7.8% amid lock-up pressure
SpaceX investors are assessing a record IPO with limited financial projections, just as the company’s shares fell 7.8% to about $157.5 following a $25 billion bond offering and renewed lock-up pressure. Analysts’ early commentary is testing the reported $2.2 trillion valuation, while broader mega-cap IPO comparisons emerge.
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