TechFlow News, April 2: According to JIN10 Data, Sam Kerr of Mergermarket stated that the ongoing market downturn triggered by the Middle East conflict could dampen the scale of SpaceX’s initial public offering (IPO). Falling U.S. equity indices will constrain the company’s flexibility in selecting an IPO timing window. The Wall Street Journal reported that a confidential filing submitted to the U.S. Securities and Exchange Commission indicates SpaceX is expected to go public in July. “Launching any offering—including for a high-quality company—in a weak market limits the valuation you can achieve,” Kerr said. He added that the anticipated size of the IPO itself further compounds the challenges facing SpaceX, though Musk may be counting on retail investor participation to bolster demand.
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