Lots of chatter lately on the anticipated announcement of a Space X IPO expected sometime very soon. Apparently it'll be the largest and most sort after IPO in history which suggests it maybe difficult to get hold of any shares on offer let alone at a reasonable price.
I've been buying a few shares in PE1 for at least some exposure if I miss out in the IPO. For anyone interested the following is an extract from PE1's most recent performance update:
SpaceX is currently PE1’s largest underlying portfolio company exposure, comprising almost 14% of the Trust’s private markets exposure.
Founded by Elon Musk in 2002, SpaceX is the world’s leading commercial space company, designing, building, and launching reusable rockets and spacecraft while operating one of the largest satellite broadband networks, Starlink.
The company’s launch business is the dominant player in the market and its satellite internet service, Starlink, has nearly 10,000 satellites in orbit and continues to gain customers at a high rate.
The company's strong positioning in launch and space has also created several new business opportunities, including potential data centres in space. In December, the company conducted a secondary share sale at a valuation of approximately US$800 billion, representing a doubling in valuation from the previous mark.
In February, SpaceX merged with xAI, consolidating all the AI-related infrastructure (including the Grok AI tool) into SpaceX ahead of a highly anticipated IPO that is expected to be at a much higher valuation.
The deal valued the combined entity at approximately US$1.25 trillion, which is in excess of PE1’s current valuation for SpaceX of US$800 billion.