SpaceX IPO Could Test Market, Says 1789 Capital’s Abrahimzadeh

SpaceX's potential initial public offering (IPO) is anticipated to serve as a significant test for investor demand and market infrastructure, stated Paul Abrahimzadeh, a partner at 1789 Capital. His firm holds SpaceX as its largest portfolio investment. Abrahimzadeh indicated in an interview with Bloomberg Television on June 11, 2024, that the company's valuation could reach between $180 billion and $200 billion. He also noted that SpaceX's IPO would likely be one of the largest in the past decade, potentially surpassing the $100 billion valuation of Rivian's IPO in 2021. Abrahimzadeh highlighted that SpaceX's consistent revenue growth and its dominant position in the satellite launch market provide a strong foundation for its public debut. He further elaborated that the company's expansion into areas like Starlink satellite internet and its potential for future ventures in space tourism and lunar missions offer substantial long-term growth prospects. The success of the IPO could also pave the way for other high-profile technology companies to go public, potentially revitalizing the IPO market which has seen a slowdown in recent years.