Q: Do you expect a positive or negetive stock price impact when spacex ipos?
5i Research Answer:
It is hard to speculate on any short-term move, but we think the Space-X IPO will bring more interest into the theme overall so we think it will be a net positive for the 'space'. What happens on the actual day or week of the IPO is anyones guess but we would not expect markets to sell other space holdings to fund purchases of Space-X. Instead we might expect rebalancing out of other mega-cap names to fund allocations to Space-X.