① Latest news indicates that SpaceX has instructed its employees to enter a pre-IPO regulatory quiet period, which has also spurred fluctuations in related concept stocks; ② Previously, there were rumors that SpaceX's target fundraising may far exceed $30 billion, potentially making it the largest IPO in Earth's history.
Latest news from Wednesday afternoon Beijing time indicates that SpaceX, the leading U.S. rocket and satellite internet company, has notified its employees that the company is entering a "regulatory quiet period," a significant signal that the largest IPO in Earth's history has begun.
According to sources familiar with internal company emails, SpaceX has notified employees that, in order to comply with U.S. securities regulations... According to the rules of the Securities and Exchange Commission (SEC), companies are prohibited from commenting on, discussing, or "hyping" a company's plans to go public, including topics such as the company's growth prospects or valuation .
The gag order restricts social media use, interviews, meetings, and public appearances.
The so-called quiet period refers to a restricted communication period before a company's IPO. The company is prohibited from making public statements that could potentially drive up the stock price, in order to ensure that investors have equal access to information.
Generally, the quiet period for a US IPO begins when the company releases its prospectus. However, once a company has actually started preparing for its IPO, some companies may proactively restrict external communication and announce a "quiet period" before submitting their prospectus to avoid being deemed to have prematurely promoted securities .
Following this news, as of press time, the Destiny Tech 100, a closed-end fund holding SpaceX stock, rebounded 5% in pre-market trading, after falling 20% in the first two days of the week. EchoStar Communications, which has agreed to sell spectrum licenses to SpaceX, and Rocket Lab, a rocket launch company, also rose more than 1%.
Expected to break records
According to news last week, SpaceX confirmed in an internal memo that it is preparing for a possible IPO in 2026. Fundraising goals include providing an "ultra-high frequency of flights" for its Starship rocket , which is currently under development , and building artificial intelligence in space. Data Center And to establish a base on the moon .
SpaceX CFO Bret Johnsen wrote in a message to employees: "Our assessment is that if we execute well enough, and market conditions are favorable, an IPO could raise a substantial amount of money for the company."
Industry insiders revealed that SpaceX is targeting a fundraising amount "far exceeding $30 billion," with an overall valuation approaching $1.5 trillion. The company's management plans to go public in the second half of 2026, but this could be delayed until 2027 due to changes in market conditions.
In the history of global capital markets, the largest IPO to date is Saudi Aramco's 2019 IPO, raising approximately $29.4 billion (including subsequent over-allotment). Alibaba ranks second. It was worth approximately $25 billion when it went public on the US stock market in 2014.
Last week, it was also reported that SpaceX management was scheduled to begin the process of selecting investment banks this week. Several investment banks will make their initial presentations, a process known as a "bidding war."
(Article source: CLS)
