TECH - Want To Invest In SpaceX? An IPO Looks Inevitable But In The Meantime Go Private Equity | Benzinga
If SpaceX were to go public next week it would command a valuation of somewhere in the region of $175 billion and likely have institutional and private investors clamoring for a slice of the initial public offering.
That heady valuation is based on sales of insider shares sold on the secondary market and would immediately thrust Spacex into a market cap position alongside tech veterans such as Intel Corporation (NASDAQ:INTC) and IBM (NYSE:IBM).
SpaceX, partially owned by Elon Musk, hasn’t set a timetable for going public, but rumors and scams have abounded, while the company has tantalized investors with the prospect of floating Starlink, SpaceX’s satellite division.
But if private investors want a slice of SpaceX right now, it is possible — through the publicly traded private equity (PE) companies that hold shares.
One such PE firm is Stack Capital (TSX:STCK), a Toronto-listed company, headed by CEO Jeff Parks.
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Parks told Benzinga in an interview: “We want to democratize access into growth in late-stage businesses.”
The company’s portfolio aside from SpaceX, includes holdings in warehouse automation company Locus Robotics, travel and leisure operators Hopper and Omio and e-commerce group Bolt.
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