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Apex Trader Funding (ATF) - News

Want To Invest In SpaceX? An IPO Looks Inevitable, But In The Meantime, Go Private Equity

If SpaceX were to go public next week it would command a valuation of somewhere in the region of $175 billion and likely have institutional and private investors clamoring for a slice of the initial public offering. That heady valuation is based on sales of insider shares sold on the secondary market and would immediately thrust Spacex into a market cap position alongside tech veterans such as Intel Corporation (NASDAQ:INTC) and IBM (NYSE:IBM). SpaceX, partially owned by Elon Musk, hasn’t set a timetable for going public, but rumors and scams have abounded, while the company has tantalized investors with the prospect of floating Starlink, SpaceX’s satellite division. But if private investors want a slice of SpaceX right now, it is possible — through the publicly traded private equity (PE) companies that hold shares. One such PE firm is Stack Capital (TSX:STCK), a Toronto-listed company, headed by CEO Jeff Parks. Also Read: Tesla, GM, Ford Supply Chain Concerns: Baltimore Port Closure ‘Going To Have An Impact’ Parks told Benzinga in an interview: “We want to democratize access into growth in late-stage businesses.” The company’s portfolio aside from SpaceX, includes holdings in warehouse automation company Locus Robotics, travel and leisure operators Hopper and Omio and e-commerce group Bolt. “We’re trying to get you ...