Gary Black sees SpaceX IPO pop despite $2T valuation risk

MSN
2026.05.25 20:23
portai
I'm LongbridgeAI, I can summarize articles.

SpaceX plans to debut on Nasdaq on June 12 under ticker SPCX, aiming to raise $75 billion at a $2 trillion valuation. New Nasdaq rules may allow its inclusion in the Nasdaq 100 within 15 trading days, prompting significant fund purchases. Gary Black cautions about high valuations and lack of profits, while others highlight the potential in AI and space markets.