World’s richest businessman Elon Musk’s rocket company SpaceX will be listed on the American stock market Nasdaq today, June 12. On Thursday, the company has fixed the final price of its IPO at $135. After this listing being done at a valuation of 1.77 trillion dollars i.e. about Rs 168 lakh crore, Elon Musk can become the world’s first trillionaire. Let’s understand the complete ABCD of today’s listing in question and answer. Question 1: Why is the listing of SpaceX going to happen today so historic? Answer: SpaceX is raising a record 75 billion dollars i.e. about Rs 7.15 lakh crore through this issue. This single IPO is more than the total amount raised by all US IPOs in the years 2024 and 2025. This is the world’s largest IPO so far. Question 2: Will this listing make Elon Musk the world’s first ‘trillionaire’? Answer: Yes, there is every possibility of this. According to Forbes, the net worth of Elon Musk is 982 billion dollars i.e. about 94 lakh crore rupees. He holds shares worth about $866 billion in SpaceX. As soon as trading starts today, Musk’s total net worth, including the wealth of Tesla and his other companies, will cross 1 trillion dollars i.e. about Rs 95 lakh crore. Question 3: How big is the amount of one trillion dollars, how to understand it in common language? Answer: 1 trillion dollars is an amount which is bigger than the GDP of most of the countries in the world. There are only 20 countries in the world whose GDP is more than this. Musk alone will become richer than the combined economies of rich countries like Taiwan, Switzerland, Sweden and Singapore. Even if a person spends 1 million dollars i.e. about 9.54 crore rupees every hour, it will take more than 114 years to spend 1 trillion dollars. JPMorgan Chase CEO Jamie Dimon has even called Musk the ‘Edison and Einstein of our times’. Question 4: What is the ‘Elon Premium’ that market experts are talking about? Answer: Renaissance Capital Senior Strategist Matt Kennedy says that the rules of traditional finance do not apply to SpaceX. When a company achieves such a huge valuation based solely on the vision and credibility of its owner, going beyond traditional financial metrics like profits or revenues, it is called ‘Elon Premium’ or ‘Muskonomy’ in market parlance. Looking at his past track record, investors are blindly betting on his new vision. Question 5: How will be the participation of common investors and Musk’s control in the company? Answer: The company has kept a record quota reserve of 30% for common investors, which comes to about $22.5 billion. As far as control is concerned, Musk is not selling any of his shares in this IPO and even after listing, the majority voting rights of the company will remain with him. Question 6: What are the technical experts of the market afraid of at the time of listing today? Answer: Due to this historic IPO, the market system itself is going to be tested today. When Facebook’s big IPO came on Nasdaq in 2012, its opening was delayed due to technical glitches. Since SpaceX’s IPO is much larger than Facebook’s, Wall Street is keeping an eye on Nasdaq’s technical systems to see how it handles the load. Question 7: Do SpaceX’s strong financials justify its high valuation? Answer: No, not at all. This is the biggest controversy. SpaceX earned revenue of approximately $19 billion last year, but the company has not made any profit yet. Analysts of rating agency ‘Morningstar’ have clearly written that the company is ‘overvalued’ and its correct valuation should be $ 780 billion, whereas it is being listed at $ 1.77 trillion. Question 8: What time will the listing take place this evening according to Indian time? Answer: American market Nasdaq will open today at 7:00 pm (pre-market) Indian time. Due to high volume and heavy demand, fluctuations may be seen in the first few hours. After 11:30 pm, normal trading and price movement will be clearly visible.
Source link
[ad_3]
Today Musk can become the world’s first trillionaire: Rocket company SpaceX will be listed in the US market; This is the world’s biggest IPO
