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Initial Public Offering

All articles tagged with #initial public offering

SpaceX IPO details push Musk’s net worth to a record $722B
business4 days ago

SpaceX IPO details push Musk’s net worth to a record $722B

Elon Musk’s estimated net worth jumped to a record $722 billion after SpaceX’s IPO prospectus revealed only a tiny pledge of his SpaceX shares as collateral, prompting Bloomberg to remove a $45 billion liability and boosting his wealth by that amount for the year amid soaring Tesla and SpaceX valuations—with Musk owning about 11% of Tesla and roughly 50% of SpaceX, which is valued north of $1.5 trillion and could further expand his stake via recent pay packages.

via Business Insider|
#bloomberg-billionaires-index#business#elon-musk
Google’s SpaceX stake could surpass most companies if SpaceX IPO reaches trillions
business1 month ago

Google’s SpaceX stake could surpass most companies if SpaceX IPO reaches trillions

Google’s roughly 6.1% stake in SpaceX could be worth about $122 billion if SpaceX hits a $2 trillion valuation in its upcoming IPO, a level that would outsize many public companies; SpaceX’s private value has surged to about $1.25 trillion after its xAI merger, with reports that the IPO could raise around $75 billion at a $1.75 trillion valuation (some outlets rate it at $2 trillion). Alphabet/Google’s stake has shrunk since the 2015 investment with Fidelity, Musk still owns about 40% of SpaceX, and Google also maintains ties to Anthropic, another mega-IPO candidate.

via MarketWatch|
#alphabetgoogle#business#initial-public-offering
BitGo Opens 2026 with a Hot IPO Amid Crypto Market Slump
industries4 months ago

BitGo Opens 2026 with a Hot IPO Amid Crypto Market Slump

BitGo Holdings opened its NYSE debut about 25% higher after pricing 11.8 million shares at $18, valuing the company around $2.08 billion; the IPO raised roughly $198.5 million with Goldman Sachs and Citigroup leading the deal. BitGo, which provides wallets, validation, trading and custody for digital assets, arrived as the crypto market showed weakness (bitcoin trading below $90,000), signaling robust investor appetite for crypto infrastructure despite broader uncertainty. BitGo also stated it has regulatory approval to convert BitGo Trust Co. to a federally chartered bank for digital assets, underscoring regulatory clarity as Kraken and others eye IPOs.

via MarketWatch|
#bitgo#btgo#correction-please-ignore-the-extra-tag
StubHub's $800 Million IPO Priced at $23.50, Valuing the Company at $8.6 Billion
business8 months ago

StubHub's $800 Million IPO Priced at $23.50, Valuing the Company at $8.6 Billion

StubHub Holdings Inc. priced its IPO at $23.50 per share to raise $800 million, valuing the company at $8.64 billion, amid a strong US IPO market and ongoing regulatory scrutiny of the ticket industry. The company aims to expand into new ticket issuance and has a significant ownership stake retained by co-founder Eric Baker. The IPO is led by JPMorgan Chase and Goldman Sachs, with trading expected to start on the NYSE under the symbol STUB.

via Bloomberg.com|
#business#initial-public-offering#market-valuation