Rocket Lab Leads Space Rally With 57% Gain Following SpaceX IPO Report

SpaceX, Elon Musk's rocket company, might be the most hotly anticipated initial public offering (IPO) in decades. The company is valued at potentially over $1 trillion, which would also make it one of the largest IPOs in history.The company is expected to raise $40 billion to $80 billion in the IPO, which would eclipse the previous record holder, Saudi Aramco, which raised $29 billion in its 2020 offering.But when news of the IPO broke in late March, it also sent a shockwave through companies involved in the space economy, and many stocks engaged in it popped the day the news broke.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool