SpaceX IPO could become largest with $75 billion raised, Tim Draper notes

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SpaceX IPO could become largest with $75 billion raised, Tim Draper notes — SpaceX IPO could set new record

Tim Draper, founding partner of Draper Associates, states that SpaceX could raise $75 billion in a public offering, making it the largest IPO in history. Draper highlights that the stock could rise 19% on its first trading day.

He credits Elon Musk for revitalizing the space and transportation sectors, noting previous lack of innovation among established companies and referencing Tesla's impact on public expectations.

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Draper has recently backed efforts to expand crypto and blockchain startups. He announced plans for Draper Dragon and Draper U to invest in 15 Cardano startups, with applications for funding closing in July here. Draper also highlighted Bitcoin as the largest idle asset and supported Zest Protocol’s work to enable BTC-backed lending opportunities here.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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