SpaceX, the aerospace company, is reportedly in talks with four major Wall Street banks to launch a potential $1.5 trillion IPO in 2026. This move could have a significant impact on the tech market landscape.
The company recently concluded a tender offer at an $800 billion valuation, leading to unprecedented demand in the secondary market. Speculations suggest that SpaceX’s IPO might set off a chain reaction, prompting other late-stage unicorns like OpenAI, Stripe, and Databricks to follow suit.
In a video interview, Equity host Rebecca Bellan discusses the unique aspects of this potential IPO with Greg Martin, Managing Director at Rainmaker Securities. The conversation covers the trend of tech employees capitalizing on secondary markets pre-IPO and the preferences of investors when it comes to pre-IPO shares.
Source: TechCrunch