Prediction market bettors now price a 70% chance that SpaceX completes its IPO by June, and the company appears to be getting its house in order, quietly hiking launch prices ahead of an IPO that could shatter every record in history.
The company is reportedly targeting a June listing at a valuation that could reach $1.75 trillion, with Goldman Sachs, JPMorgan, Morgan Stanley, and Bank of America in senior roles.
Fattening Margins With No Competition In Sight
Ahead of the S-1, SpaceX has been fattening its margins.
Between mid-January and early February, the company raised its Falcon 9 launch price from $69.75 million to $74 million.
Its only real domestic competitor: United Launch Alliance, the Boeing Co (NYSE:BA) and Lockheed Martin Corp (NYSE:LMT) joint venture, has been grounded after its Vulcan Centaur rocket shed parts midflight.
This effectively …
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