SpaceX (SPAX.PVT) IPO Valuation Set at $1.8 Trillion on June 12

AI Summary

SpaceX (SPAX.PVT) plans to go public on June 12 with a targeted valuation of nearly $1.8 trillion. New rules have relaxed requirements for index funds, allowing SpaceX to be included in indices like the Nasdaq 100 and Russell 1000 shortly after the IPO. Morningstar estimates SpaceX's fair value at $780 billion, significantly below the IPO target. The potential inclusion of SpaceX shares in major indices enhances investor exposure to the company's performance, even amidst ongoing skepticism about its financial viability.