RocketLaunch News & Analysis
2 articles
Market Mood
SpaceX (SPACE) IPO prospectus expected next week with $75B target
SpaceX (SPACE) plans to disclose its IPO prospectus as soon as next week after confidentially filing in April. The company is targeting a record share sale between $70 billion and $75 billion, more than double Saudi Aramco’s 2019 offering. SpaceX's merged valuation with xAI stands at $1.25 trillion, and the listing could attract interest from international retail investors. The roadshow to market the IPO to investors is set to begin on June 8, pending the regulatory timeline.
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Saxavord (SAXA) Reports £10M Loan Default Amid Funding Efforts
Saxavord, a spaceport in the Shetland Islands, reported a technical default on a £10 million loan from last year, allowing lenders to potentially call in debts. The company disclosed a loss of £5.4 million in 2024 against revenues of £2.5 million, as it works to secure additional funding by 2026. Despite the default, there are indications from lenders of possible waivers. The development is significant as Saxavord prepares for planned rocket launches, reflecting both challenges and potential in the UK space launch sector.
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