SpaceX Analyst Quiet Period Set to End After $86 Billion IPO

Investors are expected to receive a wave of new research on SpaceX starting next week, as the analyst quiet period following the company’s record IPO is set to expire. According to Jin10, since SpaceX’s IPO last month, investors have had limited access to financial forecast data needed to assess a reasonable valuation for the stock, leaving many to make judgments with incomplete information. That is expected to change next week when the quiet period ends for bank analysts involved in underwriting SpaceX’s $86 billion IPO. The offering was led by Goldman Sachs Group, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase, with another 18 banks participating. Beginning next Tuesday, investors are expected to see a large volume of new research reports, price targets, and growth expectations. The information is expected to provide more clarity on SpaceX’s share-price direction in the short term and over the coming years. Art Hogan, chief market strategist at B. Riley Wealth, said market discussion has focused more on what the company could become by 2030 than on what it can do over the next 12 months. He added that while the investment is oriented toward a better future, attention is still needed on the next four years.