SpaceX Has Successfully Completed Its IPO. Here Are All of the Key Dates Investors Should Be Aware of Over the Next 180 Days.
Written by Bram Berkowitz for The Motley Fool -> SpaceX is set to join several big indexes over the next few weeks. SpaceX insiders will also be able to sell shares they acquired when the company was private at various times over the next six months. All of this will be highly
SpaceX is set to join several big indexes over the next few weeks.
SpaceX insiders will also be able to sell shares they acquired when the company was private at various times over the next six months.
All of this will be highly influential on supply and demand for shares.
After all of the hype, speculation, and doubts, Space Exploration Technologies Corp (NASDAQ: SPCX) has officially completed its initial public offering. The company raised nearly $86 billion after underwriters on the deal exercised the greenshoe, allowing them to purchase additional shares from the company.
SpaceX had surpassed a $2.5 trillion market cap (as of June 15). The IPO is the largest in history and closed the book on the many naysayers who wondered if the company could raise so much money at an initial valuation of $1.77 trillion.
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Still, this is only the beginning of what's likely to be a very closely watched public company, given its space-related businesses and its already high market cap of over $2 trillion. Investors will want to keep a close eye on this one. Here are all of the key dates to watch over the next 180 days.
One appealing feature of the SpaceX IPO is that it will soon be added to many major market indexes, which have added fast entry provisions and removed eligibility requirements to enable SpaceX's inclusion.
