Gate News reports that on April 2, Mergermarket analyst Sam Kerr stated that the ongoing market downturn triggered by the Middle East war could weaken the scale of SpaceX’s initial public offering (IPO). A decline in U.S. stock indices will limit the company’s options for choosing an issuance window. The Wall Street Journal reported that a confidential filing submitted to the U.S. Securities and Exchange Commission shows that SpaceX is expected to go public in July. Kerr pointed out, “Issuing any deal in a weak market—no matter how good the company is—will constrain the valuation you can achieve.” He added that the anticipated size of the IPO itself also increases the challenges SpaceX faces, although Musk may be relying on retail investors’ participation to boost demand.
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