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SpaceX triumph signals 'the coast is clear' for other IPOs, CIO says
Reuters Videos62d agoneutralVIDEO
SpaceX triumph signals 'the coast is clear' for other IPOs, CIO says

<body><p>STORY: Shares of SpaceX rose as much as 17% on Monday, adding to gains after a blockbuster debut on Friday (June 12) that pushed the company's valuation past $2 trillion and cemented its position among the world's most valuable companies.</p><p>"It's really hard for me as a portfolio manager with over 30 years in this business to fathom why a company who had an operating loss of over $4 billion as recently as a year ago has commanded this must investor attention and become the largest IPO in our country's history," Mahn said.</p><p>Still, the success of SpaceX's public listing "tells other companies looking to IPO this year that perhaps the coast is clear, and now is the right time" to go public, he added.&nbsp;"That's a big switch for this market."</p></body>

SpaceX Stock Trades Higher Again After Historic IPO
The Wall Street Journal62d agoneutral
SpaceX Stock Trades Higher Again After Historic IPO

Shares of SpaceX rose more than 10% Monday, putting Elon Musk’s rocket company within reach of Amazon's market capitalization. Last week, the company pulled off the largest initial public offering ever and one of the smoothest in recent history.