The Coffee Run: Is Goldman Sachs really drinking the SpaceX Kool-Aid?
We've launched a new weekly video series to accompany Morning Coffee, in which we look at one story in more depth to give you the full picture.
The SpaceX IPO is finally here and it went... pretty well. The current price (as of ~1:30 New York time) is $174, up 28.8%.
It has been a long road to reach this point for the bankers involved in orchestrating the initial public offering, and there's a long way to go until Goldman Sachs, which had lead left position, can call the IPO an unequivocal success. Goldman and the other banks had pretty wild predictions for SpaceX's future revenue potential, and if the market starts to doubt those claims, SpaceX investors could be in for a rude awakening.
Watch the video below to see how Goldman "won" top position on the IPO, and the implications if SpaceX's stock price either continues its solid momentum or falters before lockup periods expire.
Have a confidential story, tip, or comment you’d like to share? Contact: WhatsApp: http://wa.me/442079977910 (+44 20 7997 7910), Telegram: @AlexMcMurray, Signal: @AlexMcMurrayEFC.88 Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate.
