SpaceX has reportedly appointed a group of 21 banks to handle its upcoming Initial Public Offering (IPO). The lead bookrunner banks are reported by Bloomberg to include Morgan Stanley, Goldman Sachs, JPMorgan, Bank of America and Citigroup. The other unnamed banks will include national banks for what the project which has the code name ‘Project […]
SpaceX’s initial public offering (IPO) is being lined up. Four investment banks have been named by the FT to handle the blockbuster float which is widely reported to be likely to end up with SpaceX valued at some $1.5 trillion (€1.2tn) – the largest ever public float. The named banks are Bank of America, Goldman […]
Investment bank Morgan Stanley, reportedly a front-runner bank to handle an Initial Public Offering (IPO) for SpaceX’s Starlink – has downgraded satellite operator Iridium and has cut its former price steeply from $37 to $24 and a new share price target for Iridium. The bank advised clients that its outlook for Iridium shifts from ‘Overweight’ […]
United Group, the telco and media company in Southeastern Europe, has successfully completed an offering of its euro-denominated notes maturing in January 2032 for a total principal amount of €400 million. The issue price of the notes was par, and the notes have a fixed rate coupon of 6.25 per cent per annum. The notes […]
RocketLab is the New Zealand and US rocket building company, founded and managed by Sir Peter Beck. Its Electron orbital rocket launches small satellites, and has launched 70 satellites as of August 2025; second only to SpaceX. It is developing its Neutron reusable vehicle which will carry larger payloads. Founded in June 2006, RockletLab has […]
Sir Richard Branson’s space tourism business, Virgin Galactic, suffered a bank’s serious downgrade to its share price. Morgan Stanley had given Virgin Galactic a share price target of $35. That price has been slashed to just $5 in the bank’s latest report issued on September 24th. The bank was blunt and cited ongoing challenges for […]
US satellite operator EchoStar has not had the best of weeks. August 12th saw the company report revenue had fallen by 9.3 per cent and a net loss of $205.6 million (from a profit during the same period last year of $212.7 million). Its share price, already depressed, fell back by 6.1 per cent to […]
AST Space Mobile has just one satellite currently in orbit which itself something of a test prototype for a planned global satellite-based ‘direct-to-cellular’ service. AST’s follow-up BlueWalker 3 satellites are expected to be ready for launch in batches of five craft starting in July or August (according to the company) and continuing in batches throughout […]
SpaceX says it now has 2.7 million “customers – a rise of 100,000 in just three weeks. This is a growth rate of some 4,700 new users per day. If this rate is maintained, then another 1 million users by year-end is possible if not probable. A report from analysts at investment bank Morgan Stanley […]
Disney is bracing for another proxy battle with the activist investor Nelson Peltz. James Gorman, Morgan Stanley’s chief executive, and Jeremy Darroch, who formerly ran Sky, the British television company, will join Disney’s board early in 2024, according to a securities filing. “Their appointments reflect Disney’s commitment to a strong board focused on the long-term […]