The Business Times
business-time-50
THINKING ALOUD
·
SUBSCRIBERS

SpaceX and other giga-listings could raise indices’ risks

Retail investors would do well to note that an IPO is mainly an exit avenue for insiders, who will profit handsomely

Summarise
google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Wed, Jun 10, 2026 · 03:00 PM
    • SpaceX will list at US$135 per share. Morningstar has valued the stock at US$63, a 53% discount to the IPO price.
    • SpaceX will list at US$135 per share. Morningstar has valued the stock at US$63, a 53% discount to the IPO price. PHOTO: BT FILE

    AN ERA of outsized listings is at hand. SpaceX, the rocket, satellite and artificial intelligence brainchild of Elon Musk, goes public on Friday (Jun 12).

    It has been “well oversubscribed”, as reported by Bloomberg. Priced at US$135 per share, its initial offer of 555.6 million shares, with around 30 per cent reserved for retail investors, will raise US$75 billion and value it at US$1.8 trillion.

    Also headed for initial public offerings are OpenAI, famed for ChatGPT, and Anthropic, known for its chatbot Claude. Recent funding rounds for both have taken their valuations close to US$1 trillion each.

    SpaceXAnthropicOpenAIThinking Aloud

    TRENDING NOW

    Within the past year, pay for AI roles has climbed by about 15 to 25 per cent, according to recruitment firm Robert Walters.

    AI salaries in Singapore rising 5 times faster than overall wages, fresh grads earn up to S$90k a year

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The old technology uses less electricity than centralised air conditioners is a major advantage for a resource-starved country.

    Singapore brings back 19th-century tech to beat warming climate

    Granite Asia senior managing partner Jenny Lee (left) and BT wealth editor Genevieve Cua at the inaugural Business Conclave.

    Single founders, billion-dollar valuations: AI is minting unicorn startups at birth

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More