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03.06.26 - 15:48
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Morgan Stanley′s Weaver Sees Continued AI-Driven Equity Momentum (Bloomberg)
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Michelle Weaver of Morgan Stanley discusses the outlook for equities, emphasizing the strong demand for technology driven by AI developments. The 10-year Treasury yield level around 4.5% is seen as critical for equity valuations, with yields above this level potentially weighing on equities. While some inflationary pressures, such as gasoline prices, are causing concern, Weaver views these as relatively narrow and partly linked to geopolitical factors like the Strait of Hormuz tensions, which the president has indicated could persist until September. (Source: Bloomberg)...
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03.06.26 - 15:48
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved (ZeroHedge)
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved
Last week, Elon Musk called Bloomberg's "SpaceX Said to Cut IPO Value" story "false," marking the latest clash between Musk and the MSM over coverage of his companies.
Reuters has released a new report, which, based on sources, says SpaceX is planning an IPO at a price of $135 per share, aiming to raise a record $75 billion by selling about 555.6 million shares at an estimated $1.75 trillion valuation.
SpaceX's roadshow is expected to begin Thursday, with a potential Nasdaq debut under the ticker SPCX on June 12. Goldman Sachs, Morgan Stanley, BofA, Citigroup, and JPMorgan are leading the deal.
Sources said the IPO is "structured as an all-primary offering," which means the proceeds will go to SpaceX rather than existing shareholders. Musk will reportedly be subject to a 366-day lock-up period.
At a $1.75 trillion valuation and projected 2025 booking revenue of $18.67 billio...
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