Special Invitation: SpaceX IPO’d on June 12 – valued at $2 trillion. Now that SpaceX is publicly traded, Elon Musk is preparing to release his Ultimate Master Plan.
5 secret partners are critical to this major plan to transform SpaceX. And investors could be looking at quick gains of 185% - 428%.
Bending Spoons (Nasdaq: BSP) went public on the Nasdaq and shares jumped 40%.
The stock priced at $29 a share Tuesday night — above the $26 to $28 range. The IPO pricing suggests that the deal was oversubscribed.
The stock opened around $31 before climbing to roughly $40 by the close. That gave the company a market cap near $25.7 billion, up from about $18.4 billion at pricing.
The transaction raised $1.7 billion in capital. That makes this the 7th largest IPO offering of the year.
This isn't a flashy AI startup. It's an Italian holding company that buys tired, left-for-dead internet brands and fixes them up. The current portfolio includes AOL, Evernote, Vimeo, WeTransfer and Eventbrite. They’ve made than 50 acquisitions since 2013.
Want to profit with SpaceX top 5 hidden partners? Here’s a link to get started.
The playbook is simple.
Buy a distressed digital business on the cheap. Make large cost cuts and layer in AI to lift productivity. And then reinvest the cash flow into the next deal. They've never sold a business. They intend to own them forever.
And the numbers are moving fast. First-quarter revenue hit $601 million, up from $259 million a year earlier. They swung to a $27.5 million profit from a big loss. Subscriptions make up more than 90% of the top line revenue.
The latest Q1 financials suggest the business is operating at a $2.4 billion revenue run rate. Annualized net income is running around $800 million.
This means the stock is trading with a P/E multiple of 32.
That strikes me as a reasonable valuation for a stock that’s growing its revenues and profits by more than 100% - even after the IPO jump.
The IPO follows the widely successful SpaceX IPO in mid-June.
Elon Musk is transforming SpaceX into a leading AI company. It’s part of his Ultimate Master Plan – a blueprint that could turn SpaceX, Tesla, and xAI into a $10 trillion empire.
My research identified 5 secret SpaceX partners that could see huge gains – after the SpaceX IPO.
Ian Wyatt
Editor, IPO Watch