The rocket and satellite company is considering raising more than $25bn in an offering that could come as early as June, according to a person familiar with the plans. Retail demand is expected to be substantial, despite the significant capital requirements and operational risks associated with commercial space ventures. Shay Boloor of Futurum Equities Research said enthusiasm is likely to overwhelm concerns about Musk's unconventional approach. He said the IPO is going to be the 'craziest' in the 'history of the stock market,' and noted that a $1.5tn valuation could surge above $2tn once trading begins. Musk's confrontations with regulators and past governance controversies remain part of the risk profile. The Tesla CEO has previously clashed with the US Securities and Exchange Commission and threatened to leave Tesla earlier this year over compensation disputes. Investors said such drama is intrinsic to backing high-growth ventures run by powerful founders. Institutional exposure already exists. GAMCO Investors owns SpaceX shares through a spectrum deal with EchoStar, though it is undecided on participating in an IPO. Neuberger Berman holds unlisted shares and believes strong fundamentals underpin demand, citing the combination of a proven launch business and the rapid expansion of Starlink services. Portfolio manager Dan Hanson said SpaceX offers both 'the steak and the sizzle.'...
Lumexa priced the offering within its target range, achieving a multi-billion-dollar valuation. The company operates in the medical imaging space, a sector that has attracted sustained private equity interest. The listing provides partial liquidity for Welsh Carson, which backed Lumexa during its expansion phase. The IPO comes as sponsors increasingly test equity markets after a prolonged slowdown in exits. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
The firm aims to raise between $9bn and $10bn for its next opportunistic real estate fund, according to chief executive Jon Winkelried. Investor interest has picked up after property values declined by 15% to 25%, creating opportunities that were previously unavailable. Winkelried said market stress has brought higher-quality assets to market, allowing TPG to pursue deals more aggressively. He added that timing the cycle remains central to delivering attractive returns. Beyond institutional capital, TPG is developing real estate products for wealth investors. The firm is working on a structure that could combine equity and credit exposure, broadening access to property strategies. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
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